iShares Agency Bond ETF (NYSEARCA:AGZ) Stock Short Interest Falls 79.8%

iShares Agency Bond ETF (NYSEARCA:AGZ) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 7,969 shares, a drop of 79.8% from the September 30th total of 39,392 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 35,163 shares, the days-to-cover ratio is presently 0.2 days.

iShares Agency Bond ETF Stock Down 0.1%

Shares of AGZ stock opened at $107.06 on Tuesday. iShares Agency Bond ETF has a 1 year low of $105.96 and a 1 year high of $110.99. The firm’s fifty day simple moving average is $107.42 and its 200 day simple moving average is $108.97.

Institutional Trading of iShares Agency Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in iShares Agency Bond ETF by 24.7% in 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 buying an additional 61,831 shares during the period. Keybank National Association OH grew its stake in shares of iShares Agency Bond ETF by 0.8% during the first quarter. Keybank National Association OH now owns 95,062 shares of the company’s stock valued at $10,429,000 after purchasing an additional 709 shares during the last quarter. Bank of America Corp DE increased its stake in shares of iShares Agency Bond ETF by 7.6% in the 1st quarter. Bank of America Corp DE now owns 65,696 shares of the company’s stock valued at $7,207,000 after buying an additional 4,622 shares during the period. Greenleaf Trust acquired a new stake in iShares Agency Bond ETF in the second quarter worth about $5,153,000. Finally, PNC Financial Services Group Inc. lifted its holdings in iShares Agency Bond ETF by 42.1% in the first quarter. PNC Financial Services Group Inc. now owns 38,608 shares of the company’s stock valued at $4,236,000 after buying an additional 11,429 shares during the period. 9.74% of the stock is currently owned by institutional investors.

iShares Agency Bond ETF Company Profile

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.