iShares Investment Grade Systematic Bond ETF (BATS:IGEB – Get Free Report) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 45,327 shares, a drop of 61.9% from the July 30th total of 118,849 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 347,608 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its position in iShares Investment Grade Systematic Bond ETF by 1.6% during the third quarter. NewEdge Advisors LLC now owns 17,887 shares of the company’s stock valued at $824,000 after purchasing an additional 278 shares during the last quarter. Independence Bank of Kentucky acquired a new position in iShares Investment Grade Systematic Bond ETF in the 2nd quarter worth about $55,000. PNC Financial Services Group Inc. increased its position in iShares Investment Grade Systematic Bond ETF by 19.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,208 shares of the company’s stock worth $375,000 after purchasing an additional 1,352 shares during the last quarter. Commonwealth Retirement Investments LLC purchased a new stake in shares of iShares Investment Grade Systematic Bond ETF during the 4th quarter worth about $77,000. Finally, Tidemark LLC raised its stake in shares of iShares Investment Grade Systematic Bond ETF by 12.5% during the 4th quarter. Tidemark LLC now owns 24,196 shares of the company’s stock worth $1,105,000 after purchasing an additional 2,693 shares in the last quarter.
iShares Investment Grade Systematic Bond ETF Stock Down 0.3%
Shares of IGEB opened at $44.26 on Friday. The company’s 50 day moving average price is $44.53 and its 200 day moving average price is $44.99. iShares Investment Grade Systematic Bond ETF has a 52 week low of $44.01 and a 52 week high of $46.46.
About iShares Investment Grade Systematic Bond ETF
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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