ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Stock Short Interest Report for October

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 18,505 shares, a growth of 95.9% from the September 30th total of 9,445 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 28,713 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IGHG. SFE Investment Counsel purchased a new position in ProShares Investment Grade Interest Rate Hedged during the 3rd quarter worth $202,000. Patton Albertson Miller Group LLC purchased a new position in shares of ProShares Investment Grade Interest Rate Hedged in the 3rd quarter valued at approximately $222,000. Larry Mathis Financial Planning LLC boosted its stake in ProShares Investment Grade Interest Rate Hedged by 13.0% in the 3rd quarter. Larry Mathis Financial Planning LLC now owns 78,544 shares of the company’s stock worth $6,106,000 after purchasing an additional 9,059 shares in the last quarter. Legacy Wealth Partners LLC acquired a new stake in ProShares Investment Grade Interest Rate Hedged in the 3rd quarter worth approximately $240,000. Finally, Envestnet Asset Management Inc. grew its position in ProShares Investment Grade Interest Rate Hedged by 32.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 31,404 shares of the company’s stock worth $2,460,000 after purchasing an additional 7,682 shares during the last quarter.

ProShares Investment Grade Interest Rate Hedged Price Performance

ProShares Investment Grade Interest Rate Hedged stock opened at $77.35 on Monday. The company has a 50 day moving average price of $77.68 and a 200-day moving average price of $78.03. ProShares Investment Grade Interest Rate Hedged has a fifty-two week low of $76.76 and a fifty-two week high of $79.56.

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.