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

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 118,849 shares, an increase of 197.0% from the July 15th total of 40,023 shares. Based on an average trading volume of 274,971 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC raised its stake in iShares Investment Grade Systematic Bond ETF by 35.4% during the 4th quarter. Farther Finance Advisors LLC now owns 42,421 shares of the company’s stock worth $1,937,000 after acquiring an additional 11,094 shares during the period. Nations Financial Group Inc. IA ADV boosted its position in shares of iShares Investment Grade Systematic Bond ETF by 52.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 26,010 shares of the company’s stock worth $1,188,000 after purchasing an additional 8,970 shares during the period. NewEdge Advisors LLC increased its stake in shares of iShares Investment Grade Systematic Bond ETF by 25.2% in the fourth quarter. NewEdge Advisors LLC now owns 22,389 shares of the company’s stock worth $1,022,000 after purchasing an additional 4,502 shares in the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in shares of iShares Investment Grade Systematic Bond ETF in the fourth quarter worth $77,000. Finally, Tidemark LLC increased its stake in shares of iShares Investment Grade Systematic Bond ETF by 12.5% in the fourth quarter. Tidemark LLC now owns 24,196 shares of the company’s stock worth $1,105,000 after purchasing an additional 2,693 shares in the last quarter.

iShares Investment Grade Systematic Bond ETF Trading Down 0.1%

Shares of BATS:IGEB traded down $0.03 during midday trading on Friday, hitting $44.32. The company had a trading volume of 23,763 shares, compared to its average volume of 263,254. iShares Investment Grade Systematic Bond ETF has a 12-month low of $44.16 and a 12-month high of $46.46. The company has a fifty day moving average of $44.67 and a two-hundred day moving average of $45.09.

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.