iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Short Interest Update

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 40,023 shares, a decline of 82.9% from the June 30th total of 233,729 shares. Based on an average trading volume of 500,171 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

iShares Investment Grade Systematic Bond ETF Trading Up 0.0%

Shares of BATS IGEB opened at $44.26 on Friday. The stock has a 50 day moving average price of $44.84 and a 200 day moving average price of $45.24. iShares Investment Grade Systematic Bond ETF has a 52-week low of $44.18 and a 52-week high of $46.46.

Institutional Investors Weigh In On iShares Investment Grade Systematic Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. increased its stake in shares of iShares Investment Grade Systematic Bond ETF by 15.3% during the second quarter. Ameriprise Financial Inc. now owns 996,346 shares of the company’s stock valued at $45,267,000 after buying an additional 131,839 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of iShares Investment Grade Systematic Bond ETF by 5.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 546,055 shares of the company’s stock valued at $24,933,000 after acquiring an additional 26,739 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in iShares Investment Grade Systematic Bond ETF by 24.1% in the fourth quarter. JPMorgan Chase & Co. now owns 247,270 shares of the company’s stock worth $11,290,000 after acquiring an additional 48,088 shares during the period. Jane Street Group LLC lifted its stake in iShares Investment Grade Systematic Bond ETF by 772.6% in the first quarter. Jane Street Group LLC now owns 155,508 shares of the company’s stock worth $6,999,000 after acquiring an additional 137,686 shares during the period. Finally, Hoese & Co LLP grew its holdings in iShares Investment Grade Systematic Bond ETF by 46.8% during the 4th quarter. Hoese & Co LLP now owns 110,996 shares of the company’s stock worth $5,067,000 after acquiring an additional 35,387 shares in the last quarter.

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.