iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Short Interest Update

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 118,849 shares, an increase of 197.0% from the July 15th total of 40,023 shares. Based on an average daily volume of 274,971 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares Investment Grade Systematic Bond ETF

Hedge funds have recently made changes to their positions in the stock. Nations Financial Group Inc. IA ADV lifted its stake in iShares Investment Grade Systematic Bond ETF by 15.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 30,066 shares of the company’s stock valued at $1,355,000 after purchasing an additional 4,056 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of iShares Investment Grade Systematic Bond ETF by 25.2% during the fourth quarter. NewEdge Advisors LLC now owns 22,389 shares of the company’s stock worth $1,022,000 after buying an additional 4,502 shares during the last quarter. Janney Montgomery Scott LLC grew its stake 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 last quarter. Commonwealth Retirement Investments LLC acquired a new position in shares of iShares Investment Grade Systematic Bond ETF during the fourth quarter worth $77,000. Finally, JPMorgan Chase & Co. increased its holdings 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 in the last quarter.

iShares Investment Grade Systematic Bond ETF Stock Performance

iShares Investment Grade Systematic Bond ETF stock opened at $44.24 on Friday. The stock’s fifty day moving average price is $44.66 and its two-hundred day moving average price is $45.09. iShares Investment Grade Systematic Bond ETF has a one year low of $44.16 and a one year 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.