Short Interest in iShares Government/Credit Bond ETF (NYSEARCA:GBF) Declines By 96.0%
by Tristan Rich · The Markets DailyiShares Government/Credit Bond ETF (NYSEARCA:GBF – Get Free Report) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 325 shares, a decline of 96.0% from the June 30th total of 8,126 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 15,472 shares, the days-to-cover ratio is presently 0.0 days.
iShares Government/Credit Bond ETF Stock Performance
Shares of NYSEARCA:GBF traded up $0.11 during midday trading on Friday, reaching $102.21. 4,485 shares of the company traded hands, compared to its average volume of 7,331. iShares Government/Credit Bond ETF has a 12 month low of $101.85 and a 12 month high of $106.43. The firm’s fifty day moving average price is $103.23 and its two-hundred day moving average price is $104.15.
Hedge Funds Weigh In On iShares Government/Credit Bond ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of GBF. Kestra Advisory Services LLC purchased a new stake in iShares Government/Credit Bond ETF during the 4th quarter valued at about $41,000. Bank of Montreal Can boosted its stake in shares of iShares Government/Credit Bond ETF by 170.9% during the fourth quarter. Bank of Montreal Can now owns 474 shares of the company’s stock valued at $50,000 after purchasing an additional 299 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of iShares Government/Credit Bond ETF by 262.2% in the fourth quarter. Farther Finance Advisors LLC now owns 1,043 shares of the company’s stock worth $109,000 after purchasing an additional 755 shares during the last quarter. Bryn Mawr Trust Advisors LLC increased its stake in shares of iShares Government/Credit Bond ETF by 29.5% in the fourth quarter. Bryn Mawr Trust Advisors LLC now owns 2,478 shares of the company’s stock worth $259,000 after buying an additional 565 shares during the period. Finally, Truist Financial Corp raised its holdings in iShares Government/Credit Bond ETF by 19.5% during the 4th quarter. Truist Financial Corp now owns 3,260 shares of the company’s stock valued at $341,000 after buying an additional 533 shares during the last quarter.
About iShares Government/Credit Bond ETF
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.