iShares Government/Credit Bond ETF (NYSEARCA:GBF) Short Interest Up 430.4% in August

by · The Markets Daily

iShares Government/Credit Bond ETF (NYSEARCA:GBF – Get Free Report) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 3,368 shares, a growth of 430.4% from the August 15th total of 635 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 35,354 shares, the days-to-cover ratio is currently 0.1 days.

iShares Government/Credit Bond ETF Stock Performance

Shares of iShares Government/Credit Bond ETF stock traded down $0.55 on Friday, hitting $100.83. The company had a trading volume of 2,455 shares, compared to its average volume of 9,178. The stock has a 50 day moving average of $102.30 and a 200-day moving average of $103.41. iShares Government/Credit Bond ETF has a 1 year low of $101.85 and a 1 year high of $106.43.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GBF. Bank of America Corp DE raised its stake in shares of iShares Government/Credit Bond ETF by 13.7% during the 3rd quarter. Bank of America Corp DE now owns 104,384 shares of the company’s stock valued at $10,997,000 after purchasing an additional 12,565 shares during the period. Citadel Advisors LLC bought a new stake in shares of iShares Government/Credit Bond ETF in the 2nd quarter worth approximately $1,212,000. Destination Wealth Management increased its stake in iShares Government/Credit Bond ETF by 4.9% in the 4th quarter. Destination Wealth Management now owns 201,384 shares of the company’s stock worth $21,085,000 after purchasing an additional 9,452 shares during the period. Jane Street Group LLC increased its holdings in iShares Government/Credit Bond ETF by 28.3% during the 1st quarter. Jane Street Group LLC now owns 36,600 shares of the company’s stock valued at $3,812,000 after purchasing an additional 8,071 shares during the period. Finally, Susquehanna International Group LLP lifted its position in shares of iShares Government/Credit Bond ETF by 129.3% in the 3rd quarter. Susquehanna International Group LLP now owns 11,172 shares of the company’s stock worth $1,177,000 after purchasing an additional 6,299 shares during the period.

About iShares Government/Credit Bond ETF

(Get Free Report)

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.

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