Short Interest in iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Expands By 288.9%

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 84,874 shares, a growth of 288.9% from the April 15th total of 21,826 shares. Based on an average daily trading volume, of 265,121 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its position in iShares Investment Grade Systematic Bond ETF by 15.3% in the second quarter. Ameriprise Financial Inc. now owns 996,346 shares of the company’s stock worth $45,267,000 after acquiring an additional 131,839 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of iShares Investment Grade Systematic Bond ETF by 5.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 546,055 shares of the company’s stock worth $24,933,000 after buying an additional 26,739 shares during the period. JPMorgan Chase & Co. boosted its position in shares of iShares Investment Grade Systematic Bond ETF by 24.1% during the fourth quarter. JPMorgan Chase & Co. now owns 247,270 shares of the company’s stock worth $11,290,000 after buying an additional 48,088 shares during the period. BlueStem Wealth Partners LLC boosted its position in shares of iShares Investment Grade Systematic Bond ETF by 18.2% during the third quarter. BlueStem Wealth Partners LLC now owns 202,155 shares of the company’s stock worth $9,308,000 after buying an additional 31,151 shares during the period. Finally, Jane Street Group LLC boosted its holdings in iShares Investment Grade Systematic Bond ETF by 772.6% during the 1st quarter. Jane Street Group LLC now owns 155,508 shares of the company’s stock valued at $6,999,000 after acquiring an additional 137,686 shares during the period.

iShares Investment Grade Systematic Bond ETF Stock Down 0.1%

Shares of IGEB opened at $44.92 on Friday. The company has a 50 day moving average price of $45.15 and a 200-day moving average price of $45.59. iShares Investment Grade Systematic Bond ETF has a fifty-two week low of $44.04 and a fifty-two week high of $46.46.

About iShares Investment Grade Systematic Bond ETF

The iShares Investment Grade Bond Factor ETF (IGEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, multi-factor, investment-grade bond index. The index selects and weights bonds based on default probability, default-adjusted spreads, and volatility. IGEB was launched on Jul 11, 2017 and is managed by BlackRock.