iShares Investment Grade Systematic Bond ETF (BATS:IGEB – Get Free Report) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 40,023 shares, a decrease of 82.9% from the June 30th total of 233,729 shares. Based on an average daily volume of 500,171 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF
A number of hedge funds have recently modified their holdings of IGEB. Commonwealth Retirement Investments LLC acquired a new position in shares of iShares Investment Grade Systematic Bond ETF in the 4th quarter valued at $77,000. Flow Traders U.S. LLC acquired a new stake in iShares Investment Grade Systematic Bond ETF during the 3rd quarter worth about $284,000. Stronghold Wealth Management L.L.C. purchased a new stake in iShares Investment Grade Systematic Bond ETF during the fourth quarter valued at about $295,000. Strategic Blueprint LLC purchased a new stake in iShares Investment Grade Systematic Bond ETF during the fourth quarter valued at about $324,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of iShares Investment Grade Systematic Bond ETF by 19.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,208 shares of the company’s stock worth $375,000 after buying an additional 1,352 shares during the period.
iShares Investment Grade Systematic Bond ETF Trading Up 0.2%
BATS:IGEB traded up $0.07 during trading hours on Monday, reaching $44.33. 223,439 shares of the company’s stock were exchanged, compared to its average volume of 257,352. iShares Investment Grade Systematic Bond ETF has a 12 month low of $44.18 and a 12 month high of $46.46. The business’s 50-day simple moving average is $44.84 and its two-hundred day simple moving average is $45.23.
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.
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