Short Interest in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Rises By 78.1%

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 18,554 shares, an increase of 78.1% from the June 15th total of 10,419 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 20,911 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IGHG. Certified Advisory Corp raised its position in ProShares Investment Grade Interest Rate Hedged by 290.2% during the 4th quarter. Certified Advisory Corp now owns 42,891 shares of the company’s stock worth $3,364,000 after buying an additional 31,899 shares during the last quarter. Elevation Capital Advisory LLC acquired a new position in shares of ProShares Investment Grade Interest Rate Hedged in the 4th quarter valued at about $2,834,000. Larry Mathis Financial Planning LLC acquired a new position in shares of ProShares Investment Grade Interest Rate Hedged in the 4th quarter valued at about $5,063,000. NewEdge Advisors LLC boosted its stake in shares of ProShares Investment Grade Interest Rate Hedged by 136.7% in the first quarter. NewEdge Advisors LLC now owns 3,950 shares of the company’s stock worth $304,000 after buying an additional 2,281 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in shares of ProShares Investment Grade Interest Rate Hedged in the second quarter worth about $242,000.

ProShares Investment Grade Interest Rate Hedged Trading Up 0.1%

ProShares Investment Grade Interest Rate Hedged stock opened at $78.02 on Friday. ProShares Investment Grade Interest Rate Hedged has a one year low of $76.83 and a one year high of $79.56. The stock has a 50-day moving average of $78.36 and a two-hundred day moving average of $78.23.

ProShares Investment Grade Interest Rate Hedged Company Profile

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.