iShares Government/Credit Bond ETF (NYSEARCA:GBF) Sees Significant Drop in Short Interest

iShares Government/Credit Bond ETF (NYSEARCA:GBF) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 566 shares, a drop of 97.2% from the May 31st total of 20,502 shares. Based on an average daily trading volume, of 3,791 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares Government/Credit Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of iShares Government/Credit Bond ETF by 13.7% in the third quarter. Bank of America Corp DE now owns 104,384 shares of the company’s stock valued at $10,997,000 after purchasing an additional 12,565 shares in the last quarter. Destination Wealth Management grew its holdings in shares of iShares Government/Credit Bond ETF by 4.9% during the fourth quarter. Destination Wealth Management now owns 201,384 shares of the company’s stock valued at $21,085,000 after buying an additional 9,452 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of iShares Government/Credit Bond ETF by 28.3% during the first quarter. Jane Street Group LLC now owns 36,600 shares of the company’s stock valued at $3,812,000 after buying an additional 8,071 shares in the last quarter. Susquehanna International Group LLP grew its holdings in shares of iShares Government/Credit Bond ETF by 129.3% during 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 in the last quarter. Finally, JPMorgan Chase & Co. raised 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 valued at $9,839,000 after buying an additional 4,051 shares during the period.

iShares Government/Credit Bond ETF Stock Up 0.0%

Shares of GBF stock traded up $0.05 during trading hours on Thursday, reaching $104.04. 2,225 shares of the stock traded hands, compared to its average volume of 6,400. iShares Government/Credit Bond ETF has a 1-year low of $101.85 and a 1-year high of $106.43. The business has a fifty day moving average price of $103.64 and a 200 day moving average price of $104.44.

iShares Government/Credit Bond ETF Company Profile

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.