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

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 45,327 shares, a decline of 61.9% from the July 30th total of 118,849 shares. Based on an average daily trading volume, of 347,608 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its position in shares of iShares Investment Grade Systematic Bond ETF by 15.3% during the second quarter. Ameriprise Financial Inc. now owns 996,346 shares of the company’s stock valued at $45,267,000 after purchasing an additional 131,839 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of iShares Investment Grade Systematic Bond ETF by 5.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 546,055 shares of the company’s stock worth $24,933,000 after buying an additional 26,739 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares Investment Grade Systematic Bond ETF by 24.1% in the fourth quarter. JPMorgan Chase & Co. now owns 247,270 shares of the company’s stock worth $11,290,000 after buying an additional 48,088 shares in the last quarter. Jane Street Group LLC boosted its stake in iShares Investment Grade Systematic Bond ETF by 772.6% during the first quarter. Jane Street Group LLC now owns 155,508 shares of the company’s stock valued at $6,999,000 after buying an additional 137,686 shares during the last quarter. Finally, Rogco LP bought a new position in iShares Investment Grade Systematic Bond ETF during the second quarter valued at approximately $5,060,000.

iShares Investment Grade Systematic Bond ETF Stock Performance

Shares of BATS:IGEB opened at $44.40 on Friday. The firm has a fifty day moving average price of $44.54 and a 200 day moving average price of $44.99. iShares Investment Grade Systematic Bond ETF has a fifty-two week low of $44.01 and a fifty-two week high of $46.46.

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.