iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Stock Short Interest Climbs 64.3%

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 14,909 shares, a growth of 64.3% from the August 31st total of 9,072 shares. Based on an average trading volume of 209,274 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Rogco LP acquired a new stake in iShares Investment Grade Systematic Bond ETF in the 2nd quarter valued at approximately $5,060,000. NBH Bank acquired a new position in iShares Investment Grade Systematic Bond ETF during the 2nd quarter valued at $220,000. Nations Financial Group Inc. IA ADV increased its holdings in shares of iShares Investment Grade Systematic Bond ETF by 15.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 30,066 shares of the company’s stock worth $1,355,000 after purchasing an additional 4,056 shares during the period. Tidemark LLC raised its position in shares of iShares Investment Grade Systematic Bond ETF by 12.5% during the fourth quarter. Tidemark LLC now owns 24,196 shares of the company’s stock valued at $1,105,000 after buying an additional 2,693 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new stake in iShares Investment Grade Systematic Bond ETF during the fourth quarter worth about $77,000.

iShares Investment Grade Systematic Bond ETF Price Performance

IGEB opened at $42.83 on Wednesday. The stock has a fifty day moving average price of $43.98 and a 200 day moving average price of $44.62. iShares Investment Grade Systematic Bond ETF has a 1 year low of $42.73 and a 1 year high of $46.46.

iShares Investment Grade Systematic Bond ETF Company Profile

The iShares Investment Grade Bond Factor ETF (IGEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, multi-factor, investment-grade bond index. The index selects and weights bonds based on default probability, default-adjusted spreads, and volatility. IGEB was launched on Jul 11, 2017 and is managed by BlackRock.