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

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

Institutional Trading of iShares Investment Grade Systematic Bond ETF

Institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its stake in shares of iShares Investment Grade Systematic Bond ETF by 15.3% in the second quarter. Ameriprise Financial Inc. now owns 996,346 shares of the company’s stock valued at $45,267,000 after acquiring an additional 131,839 shares during the period. Janney Montgomery Scott LLC raised its position in iShares Investment Grade Systematic Bond ETF by 5.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 546,055 shares of the company’s stock worth $24,933,000 after purchasing an additional 26,739 shares during the period. JPMorgan Chase & Co. raised its position in iShares Investment Grade Systematic Bond ETF by 24.1% in the 4th quarter. JPMorgan Chase & Co. now owns 247,270 shares of the company’s stock worth $11,290,000 after purchasing 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 purchasing an additional 137,686 shares during the last quarter. Finally, Hoese & Co LLP lifted its stake in iShares Investment Grade Systematic Bond ETF by 46.8% in the fourth quarter. Hoese & Co LLP now owns 110,996 shares of the company’s stock worth $5,067,000 after purchasing an additional 35,387 shares during the last quarter.

iShares Investment Grade Systematic Bond ETF Trading Up 0.0%

Shares of iShares Investment Grade Systematic Bond ETF stock 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 one year low of $44.18 and a one year high of $46.46.

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.