iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Sees Significant Increase in Short Interest

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 118,849 shares, a growth of 197.0% from the July 15th total of 40,023 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 274,971 shares, the short-interest ratio is presently 0.4 days.

iShares Investment Grade Systematic Bond ETF Trading Up 0.1%

Shares of BATS:IGEB opened at $44.21 on Thursday. The stock has a 50-day simple moving average of $44.68 and a 200-day simple moving average of $45.10. iShares Investment Grade Systematic Bond ETF has a 1 year low of $44.16 and a 1 year high of $46.46.

Institutional Investors Weigh In On iShares Investment Grade Systematic Bond ETF

Institutional investors have recently bought and sold shares of the business. Commonwealth Retirement Investments LLC acquired a new stake in shares of iShares Investment Grade Systematic Bond ETF in the fourth quarter worth $77,000. Flow Traders U.S. LLC acquired a new position in shares of iShares Investment Grade Systematic Bond ETF during the 3rd quarter valued at $284,000. Stronghold Wealth Management L.L.C. acquired a new position in shares of iShares Investment Grade Systematic Bond ETF during the 4th quarter valued at $295,000. Strategic Blueprint LLC purchased a new stake in iShares Investment Grade Systematic Bond ETF during the 4th quarter worth $324,000. Finally, PNC Financial Services Group Inc. boosted its position in iShares Investment Grade Systematic Bond ETF by 19.7% during 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 period.

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.