ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Sees Significant Increase in Short Interest

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) was the target of a significant increase in short interest in 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. Based on an average daily trading volume, of 20,911 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.5% of the shares of the stock are sold short.

ProShares Investment Grade Interest Rate Hedged Stock Performance

Shares of BATS IGHG opened at $77.93 on Friday. ProShares Investment Grade Interest Rate Hedged has a twelve month low of $76.83 and a twelve month high of $79.56. The stock’s 50-day simple moving average is $78.35 and its two-hundred day simple moving average is $78.23.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IGHG. Geneos Wealth Management Inc. purchased a new position in shares of ProShares Investment Grade Interest Rate Hedged during the 2nd quarter valued at about $27,000. Anchor Investment Management LLC purchased a new stake in ProShares Investment Grade Interest Rate Hedged in the 4th quarter worth approximately $59,000. Fifth Third Bancorp bought a new stake in ProShares Investment Grade Interest Rate Hedged during the 1st quarter worth approximately $183,000. Novem Group bought a new stake in ProShares Investment Grade Interest Rate Hedged during the 4th quarter worth approximately $230,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in ProShares Investment Grade Interest Rate Hedged during the 2nd quarter worth approximately $242,000.

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.