iShares Government/Credit Bond ETF (NYSEARCA:GBF) Sees Large Decline in Short Interest

iShares Government/Credit Bond ETF (NYSEARCA:GBF) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 1,082 shares, a drop of 74.0% from the December 15th total of 4,155 shares. Based on an average daily trading volume, of 8,030 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 8,030 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On iShares Government/Credit Bond ETF

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in iShares Government/Credit Bond ETF by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 93,387 shares of the company’s stock worth $9,839,000 after buying an additional 4,051 shares during the last quarter. Susquehanna International Group LLP lifted its position in shares of iShares Government/Credit Bond ETF by 129.3% in the third quarter. Susquehanna International Group LLP now owns 11,172 shares of the company’s stock valued at $1,177,000 after buying an additional 6,299 shares during the last quarter. Destination Wealth Management boosted its stake in shares of iShares Government/Credit Bond ETF by 2.7% during the 3rd quarter. Destination Wealth Management now owns 191,932 shares of the company’s stock worth $20,221,000 after acquiring an additional 5,123 shares during the period. Bank of America Corp DE increased its holdings in shares of iShares Government/Credit Bond ETF by 13.7% during the 3rd quarter. Bank of America Corp DE now owns 104,384 shares of the company’s stock worth $10,997,000 after acquiring an additional 12,565 shares during the last quarter. Finally, United Financial Planning Group LLC bought a new stake in iShares Government/Credit Bond ETF in the 3rd quarter valued at $38,000.

iShares Government/Credit Bond ETF Stock Performance

NYSEARCA GBF traded up $0.12 on Tuesday, hitting $105.10. 2,124 shares of the stock were exchanged, compared to its average volume of 2,463. The business’s fifty day moving average is $105.17 and its 200 day moving average is $104.89. iShares Government/Credit Bond ETF has a 52 week low of $100.46 and a 52 week high of $106.43.

About iShares Government/Credit Bond ETF

iShares Government/Credit Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States dollar-denominated government, government-related and investment-grade the United States corporate bonds. The Fund seeks to track the investment results of the Barclays U.S. Government/Credit Bond Index (the Underlying Index), which measures the performance of the United States dollar-denominated United States Treasury bonds, government-related bonds (i.e., the United States and foreign agencies, sovereign, supranational and local authority debt) and investment-grade United States corporate bonds, which have a remaining maturity of greater than or equal to one year.