iShares Investment Grade Systematic Bond ETF (BATS:IGEB – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 9,072 shares, a drop of 80.0% from the August 15th total of 45,327 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 335,455 shares, the short-interest ratio is currently 0.0 days.
Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF
Several institutional investors have recently made changes to their positions in the company. Independence Bank of Kentucky acquired a new stake in iShares Investment Grade Systematic Bond ETF during the second quarter valued at $55,000. Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares Investment Grade Systematic Bond ETF during the 4th quarter valued at about $77,000. NBH Bank purchased a new position in shares of iShares Investment Grade Systematic Bond ETF in the 2nd quarter valued at about $220,000. Flow Traders U.S. LLC acquired a new position in iShares Investment Grade Systematic Bond ETF in the 3rd quarter worth about $284,000. Finally, Stronghold Wealth Management L.L.C. acquired a new stake in iShares Investment Grade Systematic Bond ETF in the fourth quarter valued at approximately $295,000.
iShares Investment Grade Systematic Bond ETF Stock Performance
Shares of IGEB opened at $43.50 on Friday. iShares Investment Grade Systematic Bond ETF has a 52 week low of $43.49 and a 52 week high of $46.46. The stock’s 50-day moving average price is $44.28 and its 200-day moving average price is $44.84.
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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