Short Interest in iShares Government/Credit Bond ETF (NYSEARCA:GBF) Increases By 430.4%

iShares Government/Credit Bond ETF (NYSEARCA:GBF) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,368 shares, a growth of 430.4% from the August 15th total of 635 shares. Based on an average daily volume of 35,354 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Government/Credit Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Destination Wealth Management increased its holdings in shares of iShares Government/Credit Bond ETF by 4.9% in the 4th quarter. Destination Wealth Management now owns 201,384 shares of the company’s stock worth $21,085,000 after acquiring an additional 9,452 shares during the period. Bank of America Corp DE lifted its position in iShares Government/Credit Bond ETF by 3.4% in the 1st quarter. Bank of America Corp DE now owns 113,610 shares of the company’s stock valued at $11,835,000 after purchasing an additional 3,776 shares during the last quarter. Jane Street Group LLC boosted its stake in iShares Government/Credit Bond ETF by 28.3% during the 1st quarter. Jane Street Group LLC now owns 36,600 shares of the company’s stock valued at $3,812,000 after purchasing an additional 8,071 shares during the period. Keybank National Association OH grew its position in iShares Government/Credit Bond ETF by 0.5% in the 1st quarter. Keybank National Association OH now owns 27,390 shares of the company’s stock worth $2,853,000 after purchasing an additional 140 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in iShares Government/Credit Bond ETF by 2.6% in the 4th quarter. Wells Fargo & Company MN now owns 18,276 shares of the company’s stock worth $1,914,000 after purchasing an additional 466 shares during the last quarter.

iShares Government/Credit Bond ETF Price Performance

GBF traded down $0.23 during trading on Friday, reaching $100.60. 31,183 shares of the company were exchanged, compared to its average volume of 9,178. The firm has a 50 day moving average of $102.25 and a 200 day moving average of $103.40. iShares Government/Credit Bond ETF has a 52 week low of $101.85 and a 52 week high of $106.43.

iShares Government/Credit Bond ETF Company Profile

iShares Government/Credit Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States dollar-denominated government, government-related and investment-grade the United States corporate bonds. The Fund seeks to track the investment results of the Barclays U.S. Government/Credit Bond Index (the Underlying Index), which measures the performance of the United States dollar-denominated United States Treasury bonds, government-related bonds (i.e., the United States and foreign agencies, sovereign, supranational and local authority debt) and investment-grade United States corporate bonds, which have a remaining maturity of greater than or equal to one year.