iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Sees Large Drop in Short Interest

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 18,045 shares, a decrease of 78.9% from the May 31st total of 85,556 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 130,429 shares, the short-interest ratio is presently 0.1 days.

iShares Investment Grade Systematic Bond ETF Trading Up 0.1%

Shares of IGEB stock opened at $45.24 on Friday. iShares Investment Grade Systematic Bond ETF has a 52-week low of $44.40 and a 52-week high of $46.46. The stock has a fifty day simple moving average of $45.03 and a two-hundred day simple moving average of $45.38.

Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF

A number of hedge funds have recently made changes to their positions in IGEB. Jane Street Group LLC raised its stake 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 purchasing an additional 137,686 shares during the period. Ameriprise Financial Inc. grew its holdings in iShares Investment Grade Systematic Bond ETF by 15.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 996,346 shares of the company’s stock valued at $45,267,000 after buying an additional 131,839 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in iShares Investment Grade Systematic Bond ETF by 24.1% during the 4th quarter. JPMorgan Chase & Co. now owns 247,270 shares of the company’s stock valued at $11,290,000 after buying an additional 48,088 shares in the last quarter. Hoese & Co LLP raised its position in shares of iShares Investment Grade Systematic Bond ETF by 46.8% during the fourth quarter. Hoese & Co LLP now owns 110,996 shares of the company’s stock valued at $5,067,000 after buying an additional 35,387 shares during the last quarter. Finally, BlueStem Wealth Partners LLC raised 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 valued at $9,308,000 after buying an additional 31,151 shares during the last quarter.

iShares Investment Grade Systematic Bond ETF Company Profile

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.