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

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 9,072 shares, a drop of 80.0% from the August 15th total of 45,327 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 335,455 shares, the days-to-cover ratio is presently 0.0 days.

iShares Investment Grade Systematic Bond ETF Trading Down 0.7%

IGEB opened at $43.51 on Friday. iShares Investment Grade Systematic Bond ETF has a one year low of $43.50 and a one year high of $46.46. The business’s 50-day simple moving average is $44.31 and its 200-day simple moving average is $44.85.

Institutional Investors Weigh In On iShares Investment Grade Systematic Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings 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 valued at $24,933,000 after purchasing an additional 26,739 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in iShares Investment Grade Systematic Bond ETF by 24.1% during 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 boosted its stake in iShares Investment Grade Systematic Bond ETF by 772.6% during the 1st 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 period. Finally, Rogco LP purchased a new position in iShares Investment Grade Systematic Bond ETF during the 2nd quarter worth $5,060,000.

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.