ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Short Interest Update

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 29,109 shares, a growth of 149.4% from the July 30th total of 11,671 shares. Based on an average trading volume of 19,791 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.8% of the company’s shares are short sold.

Institutional Investors Weigh In On ProShares Investment Grade Interest Rate Hedged

Several institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its stake in shares of ProShares Investment Grade Interest Rate Hedged by 32.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 274,952 shares of the company’s stock valued at $21,523,000 after acquiring an additional 66,985 shares during the period. LPL Financial LLC lifted its stake in shares of ProShares Investment Grade Interest Rate Hedged by 3.1% during the fourth quarter. LPL Financial LLC now owns 246,029 shares of the company’s stock worth $19,294,000 after purchasing an additional 7,459 shares in the last quarter. Bank of America Corp DE boosted its position in shares of ProShares Investment Grade Interest Rate Hedged by 0.6% in the third quarter. Bank of America Corp DE now owns 195,024 shares of the company’s stock worth $15,407,000 after buying an additional 1,253 shares during the period. Wells Fargo & Company MN grew its stake in shares of ProShares Investment Grade Interest Rate Hedged by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 183,097 shares of the company’s stock valued at $14,359,000 after buying an additional 2,031 shares in the last quarter. Finally, UBS Group AG lifted its position in ProShares Investment Grade Interest Rate Hedged by 2.6% during the 4th quarter. UBS Group AG now owns 102,218 shares of the company’s stock worth $8,016,000 after acquiring an additional 2,612 shares in the last quarter.

ProShares Investment Grade Interest Rate Hedged Stock Performance

Shares of BATS:IGHG opened at $77.96 on Friday. The business has a 50-day moving average of $77.99 and a two-hundred day moving average of $78.07. ProShares Investment Grade Interest Rate Hedged has a 12 month low of $76.83 and a 12 month high of $79.56.

ProShares Investment Grade Interest Rate Hedged Company Profile

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.