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

iShares Government/Credit Bond ETF (NYSEARCA:GBF) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 8,126 shares, an increase of 1,335.7% from the June 15th total of 566 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily volume of 5,231 shares, the days-to-cover ratio is presently 1.6 days.

iShares Government/Credit Bond ETF Trading Down 0.2%

GBF traded down $0.17 during trading on Friday, hitting $102.80. 17,627 shares of the stock traded hands, compared to its average volume of 7,086. iShares Government/Credit Bond ETF has a 12-month low of $101.85 and a 12-month high of $106.43. The firm has a 50-day moving average of $103.43 and a 200 day moving average of $104.31.

Institutional Investors Weigh In On iShares Government/Credit Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Destination Wealth Management boosted its stake in shares of iShares Government/Credit Bond ETF by 4.9% during the 4th quarter. Destination Wealth Management now owns 201,384 shares of the company’s stock valued at $21,085,000 after purchasing an additional 9,452 shares in the last quarter. Bank of America Corp DE raised its position in shares of iShares Government/Credit Bond ETF by 3.4% in the 1st quarter. Bank of America Corp DE now owns 113,610 shares of the company’s stock worth $11,835,000 after acquiring an additional 3,776 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares Government/Credit Bond ETF by 4.5% in the third quarter. JPMorgan Chase & Co. now owns 93,387 shares of the company’s stock worth $9,839,000 after purchasing an additional 4,051 shares during the period. Jane Street Group LLC grew its stake in iShares Government/Credit Bond ETF by 28.3% in the first quarter. Jane Street Group LLC now owns 36,600 shares of the company’s stock worth $3,812,000 after purchasing an additional 8,071 shares during the period. Finally, Keybank National Association OH grew its stake in iShares Government/Credit Bond ETF by 0.5% in the first quarter. Keybank National Association OH now owns 27,390 shares of the company’s stock worth $2,853,000 after purchasing an additional 140 shares during the period.

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.