iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Sees Significant Decrease in Short Interest

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 45,327 shares, a decline of 61.9% from the July 30th total of 118,849 shares. Based on an average daily trading volume, of 347,608 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

iShares Investment Grade Systematic Bond ETF Price Performance

iShares Investment Grade Systematic Bond ETF stock opened at $44.40 on Friday. iShares Investment Grade Systematic Bond ETF has a 12-month low of $44.01 and a 12-month high of $46.46. The firm has a 50 day moving average of $44.54 and a 200 day moving average of $44.99.

Institutional Trading of iShares Investment Grade Systematic Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Independence Bank of Kentucky purchased a new stake in shares of iShares Investment Grade Systematic Bond ETF during the second quarter worth about $55,000. Commonwealth Retirement Investments LLC purchased a new position in iShares Investment Grade Systematic Bond ETF in the 4th quarter worth approximately $77,000. NBH Bank purchased a new position in iShares Investment Grade Systematic Bond ETF in the 2nd quarter worth approximately $220,000. Flow Traders U.S. LLC bought a new position in iShares Investment Grade Systematic Bond ETF in the 3rd quarter worth approximately $284,000. Finally, Stronghold Wealth Management L.L.C. bought a new position in iShares Investment Grade Systematic Bond ETF in the 4th quarter worth approximately $295,000.

About iShares Investment Grade Systematic Bond ETF

The iShares Investment Grade Bond Factor ETF (IGEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, multi-factor, investment-grade bond index. The index selects and weights bonds based on default probability, default-adjusted spreads, and volatility. IGEB was launched on Jul 11, 2017 and is managed by BlackRock.