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 large growth in short interest in 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 daily trading volume, of 209,274 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

iShares Investment Grade Systematic Bond ETF Price Performance

Shares of iShares Investment Grade Systematic Bond ETF stock opened at $42.69 on Friday. iShares Investment Grade Systematic Bond ETF has a 52 week low of $42.40 and a 52 week high of $46.46. The stock has a 50 day moving average price of $43.92 and a two-hundred day moving average price of $44.59.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IGEB. Rogco LP bought a new stake in iShares Investment Grade Systematic Bond ETF during the 2nd quarter worth approximately $5,060,000. Nations Financial Group Inc. IA ADV boosted its position in iShares Investment Grade Systematic Bond ETF by 15.6% in the first 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 last quarter. Tidemark LLC grew its position in shares of iShares Investment Grade Systematic Bond ETF by 12.5% during the 4th quarter. Tidemark LLC now owns 24,196 shares of the company’s stock valued at $1,105,000 after acquiring an additional 2,693 shares during the period. PNC Financial Services Group Inc. increased its holdings in iShares Investment Grade Systematic Bond ETF by 19.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,208 shares of the company’s stock worth $375,000 after acquiring an additional 1,352 shares during the last quarter. Finally, NBH Bank purchased a new stake in shares of iShares Investment Grade Systematic Bond ETF during the second quarter worth $220,000.

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.