Short Interest in iShares Government/Credit Bond ETF (NYSEARCA:GBF) Grows By 430.4%

iShares Government/Credit Bond ETF (NYSEARCA:GBF) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,368 shares, an increase of 430.4% from the August 15th total of 635 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 35,354 shares, the short-interest ratio is presently 0.1 days.

iShares Government/Credit Bond ETF Stock Down 0.5%

GBF traded down $0.55 during midday trading on Friday, hitting $100.83. 2,455 shares of the company were exchanged, compared to its average volume of 9,178. iShares Government/Credit Bond ETF has a 1-year low of $101.85 and a 1-year high of $106.43. The firm’s 50 day moving average price is $102.30 and its 200-day moving average price is $103.41.

Hedge Funds Weigh In On iShares Government/Credit Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in iShares Government/Credit Bond ETF by 13.7% during the 3rd quarter. Bank of America Corp DE now owns 104,384 shares of the company’s stock worth $10,997,000 after buying an additional 12,565 shares during the period. Citadel Advisors LLC bought a new position in iShares Government/Credit Bond ETF in the second quarter worth approximately $1,212,000. Destination Wealth Management grew its stake in iShares Government/Credit Bond ETF by 4.9% in the fourth quarter. Destination Wealth Management now owns 201,384 shares of the company’s stock valued at $21,085,000 after acquiring an additional 9,452 shares during the period. Jane Street Group LLC increased its holdings in shares of iShares Government/Credit Bond ETF by 28.3% during the first quarter. Jane Street Group LLC now owns 36,600 shares of the company’s stock valued at $3,812,000 after acquiring an additional 8,071 shares in the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of iShares Government/Credit Bond ETF by 129.3% during the third quarter. Susquehanna International Group LLP now owns 11,172 shares of the company’s stock valued at $1,177,000 after acquiring an additional 6,299 shares in the last quarter.

iShares Government/Credit Bond ETF Company Profile

iShares Government/Credit Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States dollar-denominated government, government-related and investment-grade the United States corporate bonds. The Fund seeks to track the investment results of the Barclays U.S. Government/Credit Bond Index (the Underlying Index), which measures the performance of the United States dollar-denominated United States Treasury bonds, government-related bonds (i.e., the United States and foreign agencies, sovereign, supranational and local authority debt) and investment-grade United States corporate bonds, which have a remaining maturity of greater than or equal to one year.