ProShares Investment Grade Interest Rate Hedged (BATS:IGHG – Get Free Report) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 18,554 shares, a growth of 78.1% from the June 15th total of 10,419 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 20,911 shares, the days-to-cover ratio is currently 0.9 days.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Geneos Wealth Management Inc. purchased a new stake in shares of ProShares Investment Grade Interest Rate Hedged during the 2nd quarter worth about $27,000. Anchor Investment Management LLC purchased a new position in shares of ProShares Investment Grade Interest Rate Hedged in the 4th quarter valued at about $59,000. Fifth Third Bancorp acquired a new position in ProShares Investment Grade Interest Rate Hedged in the 1st quarter worth about $183,000. Novem Group acquired a new position in ProShares Investment Grade Interest Rate Hedged in the 4th quarter worth about $230,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in ProShares Investment Grade Interest Rate Hedged during the second quarter worth approximately $242,000.
ProShares Investment Grade Interest Rate Hedged Trading Up 0.1%
IGHG opened at $78.02 on Friday. The firm has a fifty day moving average price of $78.36 and a 200 day moving average price of $78.23. ProShares Investment Grade Interest Rate Hedged has a 1 year low of $76.83 and a 1 year high of $79.56.
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.
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