ProShares Investment Grade Interest Rate Hedged (BATS:IGHG – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 21,266 shares, a decline of 41.2% from the August 31st total of 36,141 shares. Based on an average trading volume of 40,565 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.6% of the shares of the company are short sold.
ProShares Investment Grade Interest Rate Hedged Stock Performance
IGHG opened at $77.50 on Friday. ProShares Investment Grade Interest Rate Hedged has a twelve month low of $76.76 and a twelve month high of $79.56. The company has a 50-day moving average price of $77.81 and a 200 day moving average price of $78.03.
Institutional Investors Weigh In On ProShares Investment Grade Interest Rate Hedged
A number of institutional investors and hedge funds have recently made changes to their positions in IGHG. Anchor Investment Management LLC purchased a new position in shares of ProShares Investment Grade Interest Rate Hedged in the fourth quarter valued at approximately $59,000. Fifth Third Bancorp purchased a new position in ProShares Investment Grade Interest Rate Hedged in the 1st quarter valued at approximately $183,000. Hyundai Investments Co. Ltd. acquired a new position in shares of ProShares Investment Grade Interest Rate Hedged in the fourth quarter worth $446,000. NewEdge Advisors LLC grew its stake in shares of ProShares Investment Grade Interest Rate Hedged by 2.6% in the second quarter. NewEdge Advisors LLC now owns 5,698 shares of the company’s stock worth $446,000 after acquiring an additional 143 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in ProShares Investment Grade Interest Rate Hedged by 33.9% during the 4th quarter. HighTower Advisors LLC now owns 12,473 shares of the company’s stock worth $978,000 after purchasing an additional 3,159 shares during the period.
ProShares Investment Grade Interest Rate Hedged Company Profile
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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