iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Sees Significant Increase in Short Interest

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 84,874 shares, an increase of 288.9% from the April 15th total of 21,826 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 265,121 shares, the days-to-cover ratio is currently 0.3 days.

iShares Investment Grade Systematic Bond ETF Price Performance

iShares Investment Grade Systematic Bond ETF stock opened at $44.97 on Thursday. The business’s fifty day moving average is $45.16 and its two-hundred day moving average is $45.60. iShares Investment Grade Systematic Bond ETF has a 52 week low of $44.04 and a 52 week high of $46.46.

Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC boosted its stake in iShares Investment Grade Systematic Bond ETF by 1.6% in the third quarter. NewEdge Advisors LLC now owns 17,887 shares of the company’s stock worth $824,000 after purchasing an additional 278 shares in the last quarter. CoreCap Advisors LLC acquired a new position in iShares Investment Grade Systematic Bond ETF in the third quarter worth $35,000. GPS Wealth Strategies Group LLC boosted its stake in iShares Investment Grade Systematic Bond ETF by 347.3% in the third quarter. GPS Wealth Strategies Group LLC now owns 1,342 shares of the company’s stock worth $62,000 after purchasing an additional 1,042 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in iShares Investment Grade Systematic Bond ETF by 19.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,208 shares of the company’s stock worth $375,000 after purchasing an additional 1,352 shares in the last quarter. Finally, Commonwealth Retirement Investments LLC acquired a new position in iShares Investment Grade Systematic Bond ETF in the fourth quarter worth $77,000.

About iShares Investment Grade Systematic Bond ETF

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.