ProShares Investment Grade Interest Rate Hedged (BATS:IGHG – Get Free Report) saw a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 29,109 shares, an increase of 149.4% from the July 30th total of 11,671 shares. Based on an average trading volume of 19,791 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.8% of the company’s shares are short sold.
Hedge Funds Weigh In On ProShares Investment Grade Interest Rate Hedged
A number of large investors have recently bought and sold shares of IGHG. Larry Mathis Financial Planning LLC acquired a new position in shares of ProShares Investment Grade Interest Rate Hedged in the 4th quarter valued at $5,063,000. Anchor Investment Management LLC increased its holdings in shares of ProShares Investment Grade Interest Rate Hedged by 693.3% during the 1st quarter. Anchor Investment Management LLC now owns 5,950 shares of the company’s stock worth $462,000 after buying an additional 5,200 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of ProShares Investment Grade Interest Rate Hedged during the 1st quarter worth $183,000. Capital Advisors Ltd. LLC raised its position in shares of ProShares Investment Grade Interest Rate Hedged by 5.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 33,147 shares of the company’s stock worth $2,574,000 after buying an additional 1,827 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new position in shares of ProShares Investment Grade Interest Rate Hedged in the 2nd quarter worth $27,000.
ProShares Investment Grade Interest Rate Hedged Trading Down 0.1%
Shares of IGHG stock opened at $77.96 on Friday. The firm’s 50-day simple moving average is $77.99 and its 200-day simple moving average is $78.07. ProShares Investment Grade Interest Rate Hedged has a 1-year low of $76.83 and a 1-year 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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