ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Short Interest Up 69.6% in June

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 10,419 shares, an increase of 69.6% from the May 31st total of 6,144 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 21,141 shares, the short-interest ratio is presently 0.5 days.

ProShares Investment Grade Interest Rate Hedged Stock Performance

Shares of IGHG opened at $78.10 on Thursday. The business’s fifty day moving average price is $78.41 and its 200 day moving average price is $78.27. ProShares Investment Grade Interest Rate Hedged has a 12-month low of $76.83 and a 12-month high of $79.56.

Institutional Trading of ProShares Investment Grade Interest Rate Hedged

A number of institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. acquired a new position in shares of ProShares Investment Grade Interest Rate Hedged in the 2nd quarter valued at about $27,000. Anchor Investment Management LLC acquired a new stake in ProShares Investment Grade Interest Rate Hedged during the fourth quarter worth about $59,000. Fifth Third Bancorp acquired a new stake in ProShares Investment Grade Interest Rate Hedged during the first quarter worth about $183,000. Novem Group bought a new position in ProShares Investment Grade Interest Rate Hedged in the fourth quarter worth about $230,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in ProShares Investment Grade Interest Rate Hedged in the second quarter worth about $242,000.

About ProShares Investment Grade Interest Rate Hedged

The ProShares Investment Grade—Interest Rate Hedged (IGHG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with long exposure to USD-denominated investment-grade debt and short exposure to US Treasurys. The fund aims to minimize interest-rate risk. IGHG was launched on Nov 5, 2013 and is managed by ProShares.