Short Interest in iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Rises By 1,285.6%

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 4,645,587 shares, a growth of 1,285.6% from the July 15th total of 335,265 shares. Based on an average trading volume of 1,801,039 shares, the short-interest ratio is presently 2.6 days. Currently, 3.9% of the company’s shares are sold short.

iShares Ultra Short-Term Bond Active ETF Stock Performance

Shares of iShares Ultra Short-Term Bond Active ETF stock traded up $0.01 on Tuesday, hitting $50.48. 1,691,507 shares of the company’s stock traded hands, compared to its average volume of 1,679,518. The firm’s 50-day moving average price is $50.49 and its two-hundred day moving average price is $50.55. iShares Ultra Short-Term Bond Active ETF has a one year low of $50.40 and a one year high of $50.77.

Institutional Investors Weigh In On iShares Ultra Short-Term Bond Active ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Guidance Capital Inc. boosted its stake in iShares Ultra Short-Term Bond Active ETF by 13.6% during the 4th quarter. Guidance Capital Inc. now owns 208,358 shares of the company’s stock worth $10,557,000 after acquiring an additional 24,967 shares during the last quarter. Guyasuta Investment Advisors Inc. acquired a new position in iShares Ultra Short-Term Bond Active ETF during the first quarter valued at approximately $3,600,000. J.W. Cole Advisors Inc. increased its stake in iShares Ultra Short-Term Bond Active ETF by 7.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 354,460 shares of the company’s stock valued at $17,929,000 after purchasing an additional 23,374 shares in the last quarter. Legacy Wealth Managment LLC ID increased its stake in iShares Ultra Short-Term Bond Active ETF by 80.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 189,695 shares of the company’s stock valued at $9,595,000 after purchasing an additional 84,531 shares in the last quarter. Finally, CWM LLC raised its holdings in iShares Ultra Short-Term Bond Active ETF by 17.5% in the fourth quarter. CWM LLC now owns 439,455 shares of the company’s stock worth $22,228,000 after purchasing an additional 65,294 shares during the period.

About iShares Ultra Short-Term Bond Active ETF

The iShares Ultra Short-Term Bond ETF (ICSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in broad market, investment-grade bonds with ultra-short-term maturity. ICSH was launched on Dec 11, 2013 and is managed by BlackRock.