ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Short Interest Update

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 11,671 shares, a decrease of 54.9% from the July 15th total of 25,860 shares. Based on an average trading volume of 14,404 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On ProShares Investment Grade Interest Rate Hedged

A number of hedge funds have recently bought and sold shares of IGHG. Royal Bank of Canada increased its position in shares of ProShares Investment Grade Interest Rate Hedged by 68.5% in the first quarter. Royal Bank of Canada now owns 18,872 shares of the company’s stock valued at $1,451,000 after buying an additional 7,671 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of ProShares Investment Grade Interest Rate Hedged by 136.7% during the 1st quarter. NewEdge Advisors LLC now owns 3,950 shares of the company’s stock valued at $304,000 after buying an additional 2,281 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of ProShares Investment Grade Interest Rate Hedged during the 2nd quarter valued at approximately $1,221,000. Ameriprise Financial Inc. grew its stake in ProShares Investment Grade Interest Rate Hedged by 32.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 274,952 shares of the company’s stock valued at $21,523,000 after acquiring an additional 66,985 shares during the period. Finally, Bank of America Corp DE grew its stake in ProShares Investment Grade Interest Rate Hedged by 1.3% in the 2nd quarter. Bank of America Corp DE now owns 193,771 shares of the company’s stock valued at $15,182,000 after acquiring an additional 2,481 shares during the period.

ProShares Investment Grade Interest Rate Hedged Stock Performance

BATS:IGHG opened at $77.89 on Friday. ProShares Investment Grade Interest Rate Hedged has a 52 week low of $76.83 and a 52 week high of $79.56. The stock’s 50-day moving average price is $78.10 and its 200-day moving average price is $78.13.

About ProShares Investment Grade Interest Rate Hedged

The ProShares Investment Grade—Interest Rate Hedged (IGHG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with long exposure to USD-denominated investment-grade debt and short exposure to US Treasurys. The fund aims to minimize interest-rate risk. IGHG was launched on Nov 5, 2013 and is managed by ProShares.