iShares Government/Credit Bond ETF (NYSEARCA:GBF – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 8,126 shares, a growth of 1,335.7% from the June 15th total of 566 shares. Based on an average trading volume of 5,231 shares, the short-interest ratio is presently 1.6 days. Approximately 0.7% of the shares of the stock are short sold.
Hedge Funds Weigh In On iShares Government/Credit Bond ETF
Institutional investors have recently modified their holdings of the company. Keybank National Association OH lifted its position in iShares Government/Credit Bond ETF by 0.5% in the 1st quarter. Keybank National Association OH now owns 27,390 shares of the company’s stock worth $2,853,000 after buying an additional 140 shares during the last quarter. Bank of Montreal Can grew its position in iShares Government/Credit Bond ETF by 170.9% during the fourth quarter. Bank of Montreal Can now owns 474 shares of the company’s stock valued at $50,000 after acquiring an additional 299 shares during the last quarter. United Financial Planning Group LLC purchased a new position in shares of iShares Government/Credit Bond ETF during the third quarter worth approximately $38,000. Kestra Advisory Services LLC purchased a new position in shares of iShares Government/Credit Bond ETF during the fourth quarter worth approximately $41,000. Finally, Captrust Financial Advisors raised its stake in shares of iShares Government/Credit Bond ETF by 12.8% during the second quarter. Captrust Financial Advisors now owns 3,959 shares of the company’s stock worth $413,000 after acquiring an additional 448 shares in the last quarter.
iShares Government/Credit Bond ETF Stock Down 0.2%
GBF traded down $0.17 during trading on Friday, reaching $102.80. The stock had a trading volume of 17,627 shares, compared to its average volume of 7,086. The business has a 50-day moving average of $103.43 and a 200-day moving average of $104.31. iShares Government/Credit Bond ETF has a one year low of $101.85 and a one year high of $106.43.
About iShares Government/Credit Bond ETF
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.
See Also
- Five stocks we like better than iShares Government/Credit Bond ETF
- Starbucks Builds Sovereign AI to Cut $400 Million in Software Costs
- Power Struggle: Wolfspeed Sues Navitas Over AI Chips
- Why WD-40 Is Proving Great Businesses Never Go Out of Style
- Pushing the Edge: Super Micro Computer Reboots the AI Landscape
Receive News & Ratings for iShares Government/Credit Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Government/Credit Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
