iShares Investment Grade Systematic Bond ETF (BATS:IGEB – Get Free Report) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 18,045 shares, a decline of 78.9% from the May 31st total of 85,556 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 130,429 shares, the short-interest ratio is presently 0.1 days.
iShares Investment Grade Systematic Bond ETF Trading Up 0.1%
Shares of IGEB stock opened at $45.24 on Friday. iShares Investment Grade Systematic Bond ETF has a 52 week low of $44.40 and a 52 week high of $46.46. The company’s fifty day simple moving average is $45.03 and its two-hundred day simple moving average is $45.38.
Institutional Investors Weigh In On iShares Investment Grade Systematic Bond ETF
Several large investors have recently made changes to their positions in IGEB. Jane Street Group LLC lifted its position in shares of iShares Investment Grade Systematic Bond ETF by 772.6% in the first quarter. Jane Street Group LLC now owns 155,508 shares of the company’s stock worth $6,999,000 after buying an additional 137,686 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in iShares Investment Grade Systematic Bond ETF by 15.3% during the second quarter. Ameriprise Financial Inc. now owns 996,346 shares of the company’s stock valued at $45,267,000 after buying an additional 131,839 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in iShares Investment Grade Systematic Bond ETF by 24.1% during the 4th quarter. JPMorgan Chase & Co. now owns 247,270 shares of the company’s stock valued at $11,290,000 after buying an additional 48,088 shares in the last quarter. Hoese & Co LLP grew its holdings in iShares Investment Grade Systematic Bond ETF by 46.8% during the 4th quarter. Hoese & Co LLP now owns 110,996 shares of the company’s stock valued at $5,067,000 after buying an additional 35,387 shares in the last quarter. Finally, BlueStem Wealth Partners LLC increased its stake in iShares Investment Grade Systematic Bond ETF by 18.2% in the 3rd quarter. BlueStem Wealth Partners LLC now owns 202,155 shares of the company’s stock worth $9,308,000 after acquiring an additional 31,151 shares during the last quarter.
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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