ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Sees Significant Decrease in Short Interest

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 6,144 shares, a drop of 67.3% from the May 14th total of 18,792 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 21,036 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On ProShares Investment Grade Interest Rate Hedged

Several hedge funds have recently modified their holdings of the stock. Anchor Investment Management LLC raised its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 693.3% during the 1st quarter. Anchor Investment Management LLC now owns 5,950 shares of the company’s stock valued at $462,000 after buying an additional 5,200 shares during the period. Fifth Third Bancorp purchased a new stake in shares of ProShares Investment Grade Interest Rate Hedged during the 1st quarter valued at about $183,000. Larry Mathis Financial Planning LLC raised its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 0.4% during the 1st quarter. Larry Mathis Financial Planning LLC now owns 64,842 shares of the company’s stock valued at $5,036,000 after buying an additional 277 shares during the period. Capital Advisors Ltd. LLC raised its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 5.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 33,147 shares of the company’s stock valued at $2,574,000 after buying an additional 1,827 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 8.3% during the 4th quarter. Cetera Investment Advisers now owns 32,501 shares of the company’s stock valued at $2,549,000 after buying an additional 2,479 shares during the period.

ProShares Investment Grade Interest Rate Hedged Trading Up 0.1%

Shares of BATS:IGHG opened at $78.36 on Thursday. ProShares Investment Grade Interest Rate Hedged has a one year low of $76.83 and a one year high of $79.56. The business’s 50-day simple moving average is $78.30 and its 200 day simple moving average is $78.29.

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.