Short Interest in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Declines By 54.9%

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 11,671 shares, a drop of 54.9% from the July 15th total of 25,860 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 14,404 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On ProShares Investment Grade Interest Rate Hedged

A number of institutional investors have recently added to or reduced their stakes in IGHG. Ameriprise Financial Inc. grew 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 purchasing an additional 66,985 shares during the period. LPL Financial LLC lifted its position in shares of ProShares Investment Grade Interest Rate Hedged by 3.1% during the 4th quarter. LPL Financial LLC now owns 246,029 shares of the company’s stock worth $19,294,000 after buying an additional 7,459 shares during the period. Bank of America Corp DE boosted its stake in ProShares Investment Grade Interest Rate Hedged by 0.6% in the 3rd quarter. Bank of America Corp DE now owns 195,024 shares of the company’s stock valued at $15,407,000 after buying an additional 1,253 shares in the last quarter. Wells Fargo & Company MN boosted its stake in ProShares Investment Grade Interest Rate Hedged by 1.1% in the 4th 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 boosted its stake in ProShares Investment Grade Interest Rate Hedged by 2.6% in the 4th quarter. UBS Group AG now owns 102,218 shares of the company’s stock valued at $8,016,000 after buying an additional 2,612 shares in the last quarter.

ProShares Investment Grade Interest Rate Hedged Stock Performance

IGHG opened at $77.89 on Monday. The stock’s 50 day simple moving average is $78.10 and its 200-day simple moving average is $78.13. ProShares Investment Grade Interest Rate Hedged has a 1 year low of $76.83 and a 1 year 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.