iShares Agency Bond ETF (NYSEARCA:AGZ – Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 10,726 shares, a growth of 95.6% from the July 30th total of 5,485 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 18,334 shares, the days-to-cover ratio is presently 0.6 days.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC increased its position in iShares Agency Bond ETF by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 474,523 shares of the company’s stock worth $52,316,000 after buying an additional 27,873 shares during the period. Daviman Financial LLC purchased a new position in iShares Agency Bond ETF during the 4th quarter worth $526,000. PNC Financial Services Group Inc. raised its holdings in shares of 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 last quarter. Bank of America Corp DE grew its holdings in shares of iShares Agency Bond ETF by 7.6% during the first quarter. Bank of America Corp DE now owns 65,696 shares of the company’s stock worth $7,207,000 after buying an additional 4,622 shares during the last quarter. Finally, Greenleaf Trust purchased a new stake in iShares Agency Bond ETF during the 2nd quarter valued at approximately $5,153,000. 9.74% of the stock is owned by hedge funds and other institutional investors.
iShares Agency Bond ETF Stock Down 0.3%
NYSEARCA:AGZ opened at $108.44 on Friday. iShares Agency Bond ETF has a 1 year low of $108.15 and a 1 year high of $111.00. The stock has a 50-day simple moving average of $108.73 and a 200-day simple moving average of $109.32.
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.
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