ProShares Investment Grade Interest Rate Hedged (BATS:IGHG – Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 11,671 shares, a drop of 54.9% from the July 15th total of 25,860 shares. Based on an average daily trading volume, of 14,404 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the company’s stock are short sold.
Institutional Trading of ProShares Investment Grade Interest Rate Hedged
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new stake in shares of ProShares Investment Grade Interest Rate Hedged during the second quarter valued at approximately $27,000. Anchor Investment Management LLC purchased a new position in ProShares Investment Grade Interest Rate Hedged in the 4th quarter worth approximately $59,000. Fifth Third Bancorp purchased a new position in ProShares Investment Grade Interest Rate Hedged in the 1st quarter worth approximately $183,000. Novem Group bought a new position in ProShares Investment Grade Interest Rate Hedged in the 4th quarter valued at approximately $230,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in ProShares Investment Grade Interest Rate Hedged in the 2nd quarter valued at approximately $242,000.
ProShares Investment Grade Interest Rate Hedged Price Performance
Shares of ProShares Investment Grade Interest Rate Hedged stock opened at $77.89 on Friday. The business has a fifty day simple moving average of $78.10 and a two-hundred day simple moving average of $78.13. ProShares Investment Grade Interest Rate Hedged has a 12 month low of $76.83 and a 12 month high of $79.56.
About ProShares Investment Grade Interest Rate Hedged
The ProShares Investment Grade—Interest Rate Hedged (IGHG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with long exposure to USD-denominated investment-grade debt and short exposure to US Treasurys. The fund aims to minimize interest-rate risk. IGHG was launched on Nov 5, 2013 and is managed by ProShares.
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