iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Sees Large Decrease in Short Interest

iShares Intermediate Government/Credit Bond ETF (BATS:GVI) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 28,468 shares, a decline of 48.0% from the August 15th total of 54,783 shares. Based on an average daily trading volume, of 120,714 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of iShares Intermediate Government/Credit Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Oarsman Capital Inc. grew its stake in iShares Intermediate Government/Credit Bond ETF by 6.4% in the fourth quarter. Oarsman Capital Inc. now owns 233,532 shares of the company’s stock valued at $25,070,000 after purchasing an additional 14,014 shares during the last quarter. SVB Wealth LLC grew its holdings in shares of iShares Intermediate Government/Credit Bond ETF by 43.3% during the second quarter. SVB Wealth LLC now owns 102,040 shares of the company’s stock valued at $10,826,000 after buying an additional 30,813 shares during the last quarter. WASHINGTON TRUST Co grew its stake in iShares Intermediate Government/Credit Bond ETF by 4.5% during the 4th quarter. WASHINGTON TRUST Co now owns 161,515 shares of the company’s stock valued at $17,339,000 after purchasing an additional 6,910 shares during the last quarter. Union Savings Bank acquired a new position in iShares Intermediate Government/Credit Bond ETF in the 4th quarter worth approximately $4,092,000. Finally, Bessemer Group Inc. raised its holdings in shares of iShares Intermediate Government/Credit Bond ETF by 32.8% during the first quarter. Bessemer Group Inc. now owns 218,536 shares of the company’s stock worth $23,313,000 after purchasing an additional 53,936 shares during the last quarter.

iShares Intermediate Government/Credit Bond ETF Stock Performance

GVI stock traded down $0.07 during midday trading on Tuesday, reaching $103.84. The company’s stock had a trading volume of 55,310 shares, compared to its average volume of 163,599. iShares Intermediate Government/Credit Bond ETF has a 1 year low of $103.80 and a 1 year high of $108.34. The stock has a fifty day simple moving average of $105.21 and a two-hundred day simple moving average of $105.98.

About iShares Intermediate Government/Credit Bond ETF

The iShares Intermediate Government\u002FCredit Bond ETF (GVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury, agency and investment-grade corporate bonds with remaining maturities of 1-10 years. GVI was launched on Jan 5, 2007 and is managed by BlackRock.