iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Significant Growth in Short Interest

iShares Agency Bond ETF (NYSEARCA:AGZ) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 14,140 shares, a growth of 145.1% from the May 31st total of 5,769 shares. Based on an average daily trading volume, of 10,632 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.3% of the company’s shares are sold short.

iShares Agency Bond ETF Price Performance

AGZ stock traded down $0.03 during mid-day trading on Monday, reaching $109.48. The company had a trading volume of 2,756 shares, compared to its average volume of 18,496. The firm has a 50 day moving average of $109.21 and a 200 day moving average of $109.80. iShares Agency Bond ETF has a 12 month low of $108.29 and a 12 month high of $111.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AGZ. Bank of New York Mellon Corp raised its position in iShares Agency Bond ETF by 24.7% during the 1st quarter. Bank of New York Mellon Corp now owns 312,585 shares of the company’s stock valued at $34,294,000 after purchasing an additional 61,831 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of iShares Agency Bond ETF by 146.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 53,779 shares of the company’s stock worth $5,900,000 after buying an additional 31,920 shares in the last quarter. Stifel Financial Corp increased its stake in shares of iShares Agency Bond ETF by 7.4% during the fourth quarter. Stifel Financial Corp now owns 426,879 shares of the company’s stock valued at $47,067,000 after buying an additional 29,378 shares during the period. HighTower Advisors LLC increased its stake in shares of iShares Agency Bond ETF by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 474,523 shares of the company’s stock valued at $52,316,000 after buying an additional 27,873 shares during the period. Finally, Jane Street Group LLC raised its holdings in shares of iShares Agency Bond ETF by 276.3% in the first quarter. Jane Street Group LLC now owns 34,101 shares of the company’s stock valued at $3,732,000 after acquiring an additional 25,039 shares in the last quarter. Institutional investors own 9.74% of the company’s stock.

About iShares Agency Bond ETF

THE ISHARES BARCLAYS AGENCY BOND FUND seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the agency sector of the U.S. government bond market as defined by the Barclays Capital U.S. Agency Index.