ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Short Interest Up 78.1% in June

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 18,554 shares, an increase of 78.1% from the June 15th total of 10,419 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 20,911 shares, the short-interest ratio is currently 0.9 days.

ProShares Investment Grade Interest Rate Hedged Stock Down 0.1%

Shares of IGHG stock traded down $0.09 during trading hours on Friday, reaching $77.93. 13,083 shares of the company’s stock were exchanged, compared to its average volume of 19,312. ProShares Investment Grade Interest Rate Hedged has a fifty-two week low of $76.83 and a fifty-two week high of $79.56. The business has a fifty day moving average price of $78.35 and a 200-day moving average price of $78.23.

Institutional Trading of ProShares Investment Grade Interest Rate Hedged

Hedge funds have recently bought and sold shares of the stock. Geneos Wealth Management Inc. bought a new position in shares of ProShares Investment Grade Interest Rate Hedged during the 2nd quarter worth about $27,000. Anchor Investment Management LLC acquired a new stake in ProShares Investment Grade Interest Rate Hedged during the fourth quarter worth about $59,000. Fifth Third Bancorp acquired a new stake in ProShares Investment Grade Interest Rate Hedged during the first quarter worth about $183,000. Novem Group bought a new position in ProShares Investment Grade Interest Rate Hedged during the fourth quarter valued at about $230,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in ProShares Investment Grade Interest Rate Hedged during the second quarter valued at about $242,000.

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.