Short Interest in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Decreases By 54.9%

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 11,671 shares, a drop of 54.9% from the July 15th total of 25,860 shares. Based on an average daily volume of 14,404 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are short sold.

ProShares Investment Grade Interest Rate Hedged Stock Performance

Shares of IGHG opened at $77.89 on Friday. ProShares Investment Grade Interest Rate Hedged has a 12-month low of $76.83 and a 12-month high of $79.56. The stock has a 50-day moving average price of $78.10 and a 200-day moving average price of $78.13.

Hedge Funds Weigh In On ProShares Investment Grade Interest Rate Hedged

A number of large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. boosted 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 valued at $21,523,000 after buying an additional 66,985 shares during the period. LPL Financial LLC grew its stake in shares of ProShares Investment Grade Interest Rate Hedged by 3.1% in the fourth 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 last quarter. Bank of America Corp DE grew its position 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 buying an additional 1,253 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in ProShares Investment Grade Interest Rate Hedged by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 183,097 shares of the company’s stock valued at $14,359,000 after acquiring an additional 2,031 shares in the last quarter. Finally, UBS Group AG increased its position in ProShares Investment Grade Interest Rate Hedged by 2.6% during the 4th quarter. UBS Group AG now owns 102,218 shares of the company’s stock valued at $8,016,000 after purchasing an additional 2,612 shares during the period.

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.