iShares Government/Credit Bond ETF (NYSEARCA:GBF) Short Interest Update
by Danessa Lincoln · The Markets DailyiShares Government/Credit Bond ETF (NYSEARCA:GBF – Get Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 20,502 shares, a growth of 2,106.9% from the May 14th total of 929 shares. Currently, 1.8% of the company’s shares are sold short. Based on an average daily trading volume, of 9,479 shares, the days-to-cover ratio is currently 2.2 days.
Hedge Funds Weigh In On iShares Government/Credit Bond ETF
A number of hedge funds have recently made changes to their positions in the stock. Destination Wealth Management boosted its holdings in iShares Government/Credit Bond ETF by 2.7% in the third quarter. Destination Wealth Management now owns 191,932 shares of the company’s stock valued at $20,221,000 after acquiring an additional 5,123 shares during the last quarter. United Financial Planning Group LLC acquired a new stake in iShares Government/Credit Bond ETF during the third quarter worth about $38,000. JPMorgan Chase & Co. increased its stake in iShares Government/Credit Bond ETF by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 93,387 shares of the company’s stock worth $9,839,000 after acquiring an additional 4,051 shares during the last quarter. AMG National Trust Bank raised its holdings in shares of iShares Government/Credit Bond ETF by 56.5% in the 1st quarter. AMG National Trust Bank now owns 3,835 shares of the company’s stock worth $399,000 after purchasing an additional 1,385 shares during the period. Finally, Beirne Wealth Consulting Services LLC lifted its stake in shares of iShares Government/Credit Bond ETF by 24.9% in the 1st quarter. Beirne Wealth Consulting Services LLC now owns 15,576 shares of the company’s stock valued at $1,623,000 after purchasing an additional 3,109 shares in the last quarter.
iShares Government/Credit Bond ETF Trading Up 0.2%
Shares of GBF stock traded up $0.25 during trading hours on Tuesday, hitting $103.16. 2,038 shares of the company were exchanged, compared to its average volume of 6,609. The firm has a fifty day moving average of $103.76 and a 200 day moving average of $104.60. iShares Government/Credit Bond ETF has a 1 year low of $101.85 and a 1 year high of $106.43.
iShares Government/Credit Bond ETF Company Profile
iShares Government/Credit Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States dollar-denominated government, government-related and investment-grade the United States corporate bonds. The Fund seeks to track the investment results of the Barclays U.S. Government/Credit Bond Index (the Underlying Index), which measures the performance of the United States dollar-denominated United States Treasury bonds, government-related bonds (i.e., the United States and foreign agencies, sovereign, supranational and local authority debt) and investment-grade United States corporate bonds, which have a remaining maturity of greater than or equal to one year.