ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Sees Significant Decrease in Short Interest

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 6,144 shares, a decrease of 67.3% from the May 14th total of 18,792 shares. Based on an average daily trading volume, of 21,036 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On ProShares Investment Grade Interest Rate Hedged

Several large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its position in ProShares Investment Grade Interest Rate Hedged by 32.2% during the second quarter. Ameriprise Financial Inc. now owns 274,952 shares of the company’s stock worth $21,523,000 after buying an additional 66,985 shares during the period. LPL Financial LLC raised its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 3.1% in the 4th quarter. LPL Financial LLC now owns 246,029 shares of the company’s stock worth $19,294,000 after purchasing an additional 7,459 shares during the period. Bank of America Corp DE raised its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 0.6% in the 3rd quarter. Bank of America Corp DE now owns 195,024 shares of the company’s stock worth $15,407,000 after purchasing an additional 1,253 shares during the period. Wells Fargo & Company MN raised its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 1.1% in the 4th quarter. Wells Fargo & Company MN now owns 183,097 shares of the company’s stock worth $14,359,000 after purchasing an additional 2,031 shares during the period. Finally, UBS Group AG raised its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 2.6% in the 4th quarter. UBS Group AG now owns 102,218 shares of the company’s stock worth $8,016,000 after purchasing an additional 2,612 shares during the period.

ProShares Investment Grade Interest Rate Hedged Trading Up 0.1%

BATS IGHG opened at $78.36 on Thursday. The business’s 50-day moving average price is $78.30 and its 200 day moving average price is $78.29. ProShares Investment Grade Interest Rate Hedged has a twelve month low of $76.83 and a twelve month high of $79.56.

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.