Short Interest in iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Declines By 72.5%

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 1,277,120 shares, a drop of 72.5% from the July 30th total of 4,645,587 shares. Based on an average trading volume of 1,433,032 shares, the short-interest ratio is presently 0.9 days. Approximately 1.1% of the company’s shares are short sold.

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

Several hedge funds have recently modified their holdings of the stock. TD Capital Management LLC grew its position in iShares Ultra Short-Term Bond Active ETF by 2,595.0% in the fourth quarter. TD Capital Management LLC now owns 539 shares of the company’s stock valued at $27,000 after acquiring an additional 519 shares in the last quarter. Triumph Capital Management acquired a new stake in iShares Ultra Short-Term Bond Active ETF during the 3rd quarter valued at $28,000. NBC Securities Inc. increased its stake in iShares Ultra Short-Term Bond Active ETF by 497.0% during the 4th quarter. NBC Securities Inc. now owns 597 shares of the company’s stock worth $30,000 after buying an additional 497 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in iShares Ultra Short-Term Bond Active ETF in the 4th quarter worth $34,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in iShares Ultra Short-Term Bond Active ETF in the 4th quarter valued at about $40,000.

iShares Ultra Short-Term Bond Active ETF Price Performance

Shares of iShares Ultra Short-Term Bond Active ETF stock opened at $50.55 on Friday. iShares Ultra Short-Term Bond Active ETF has a twelve month low of $50.40 and a twelve month high of $50.77. The company has a fifty day moving average price of $50.50 and a 200 day moving average price of $50.54.

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.