iShares Intermediate Government/Credit Bond ETF (BATS:GVI – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 54,963 shares, an increase of 93.1% from the August 31st total of 28,468 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 116,077 shares, the short-interest ratio is currently 0.5 days.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. SVB Wealth LLC boosted its stake in shares of iShares Intermediate Government/Credit Bond ETF by 43.3% in the 2nd quarter. SVB Wealth LLC now owns 102,040 shares of the company’s stock valued at $10,826,000 after purchasing an additional 30,813 shares during the last quarter. First PREMIER Bank bought a new position in iShares Intermediate Government/Credit Bond ETF during the second quarter worth $106,000. A. D. Beadell Investment Counsel Inc. bought a new position in iShares Intermediate Government/Credit Bond ETF during the second quarter worth $3,286,000. RPg Family Wealth Advisory LLC bought a new position in iShares Intermediate Government/Credit Bond ETF during the second quarter worth $24,611,000. Finally, Risk Paradigm Group LLC acquired a new position in iShares Intermediate Government/Credit Bond ETF in the second quarter valued at $23,801,000.
iShares Intermediate Government/Credit Bond ETF Stock Performance
Shares of GVI opened at $103.07 on Wednesday. The business has a 50-day moving average of $104.79 and a 200-day moving average of $105.67. iShares Intermediate Government/Credit Bond ETF has a 1 year low of $102.92 and a 1 year high of $108.34.
iShares Intermediate Government/Credit Bond ETF Company Profile
The iShares Intermediate Government\u002FCredit Bond ETF (GVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury, agency and investment-grade corporate bonds with remaining maturities of 1-10 years. GVI was launched on Jan 5, 2007 and is managed by BlackRock.
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