Short Interest in iShares Government/Credit Bond ETF (NYSEARCA:GBF) Expands By 2,106.9%

iShares Government/Credit Bond ETF (NYSEARCA:GBF) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 20,502 shares, a growth of 2,106.9% from the May 14th total of 929 shares. Based on an average daily trading volume, of 9,479 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.8% of the company’s stock are sold short.

iShares Government/Credit Bond ETF Stock Performance

Shares of GBF remained flat at $103.16 during midday trading on Wednesday. The stock had a trading volume of 2,058 shares, compared to its average volume of 6,567. iShares Government/Credit Bond ETF has a fifty-two week low of $101.85 and a fifty-two week high of $106.43. The firm has a 50 day moving average price of $103.76 and a 200 day moving average price of $104.60.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. United Financial Planning Group LLC bought a new position in shares of iShares Government/Credit Bond ETF during the 3rd quarter worth approximately $38,000. Kestra Advisory Services LLC bought a new position in shares of iShares Government/Credit Bond ETF during the 4th quarter worth approximately $41,000. Bank of Montreal Can raised its stake in shares of iShares Government/Credit Bond ETF by 170.9% during the 4th quarter. Bank of Montreal Can now owns 474 shares of the company’s stock worth $50,000 after acquiring an additional 299 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of iShares Government/Credit Bond ETF by 262.2% during the 4th quarter. Farther Finance Advisors LLC now owns 1,043 shares of the company’s stock worth $109,000 after acquiring an additional 755 shares in the last quarter. Finally, Bryn Mawr Trust Advisors LLC boosted its holdings in iShares Government/Credit Bond ETF by 29.5% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 2,478 shares of the company’s stock worth $259,000 after acquiring an additional 565 shares in the last quarter.

About iShares Government/Credit Bond ETF

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.