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

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 233,729 shares, a growth of 1,195.3% from the June 15th total of 18,045 shares. Based on an average daily volume of 499,277 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.8% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its holdings in shares of iShares Investment Grade Systematic Bond ETF by 1.6% during the third quarter. NewEdge Advisors LLC now owns 17,887 shares of the company’s stock valued at $824,000 after purchasing an additional 278 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of iShares Investment Grade Systematic Bond ETF by 19.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,208 shares of the company’s stock valued at $375,000 after purchasing an additional 1,352 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new stake in iShares Investment Grade Systematic Bond ETF in the fourth quarter worth about $77,000. Tidemark LLC lifted its holdings in iShares Investment Grade Systematic Bond ETF by 12.5% in the fourth quarter. Tidemark LLC now owns 24,196 shares of the company’s stock worth $1,105,000 after purchasing an additional 2,693 shares during the period. Finally, Nations Financial Group Inc. IA ADV grew its position in iShares Investment Grade Systematic Bond ETF by 15.6% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 30,066 shares of the company’s stock valued at $1,355,000 after buying an additional 4,056 shares in the last quarter.

iShares Investment Grade Systematic Bond ETF Stock Down 0.2%

IGEB opened at $44.61 on Friday. The business’s 50 day moving average is $44.94 and its 200-day moving average is $45.32. iShares Investment Grade Systematic Bond ETF has a twelve month low of $44.40 and a twelve month high of $46.46.

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.