iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG – Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 12,478,200 shares, a decline of 44.1% from the September 30th total of 22,339,432 shares. Based on an average daily trading volume, of 13,393,043 shares, the short-interest ratio is currently 0.9 days. Approximately 0.9% of the shares of the company are sold short.
iShares Core U.S. Aggregate Bond ETF Trading Down 0.2%
Shares of NYSEARCA:AGG opened at $96.16 on Tuesday. The stock has a 50 day moving average of $95.82 and a 200 day moving average of $98.24. The company has a market cap of $139.52 billion, a PE ratio of 124.57 and a beta of 0.26. iShares Core U.S. Aggregate Bond ETF has a 12-month low of $93.83 and a 12-month high of $101.46.
Hedge Funds Weigh In On iShares Core U.S. Aggregate Bond ETF
Several large investors have recently added to or reduced their stakes in AGG. Farmers & Merchants Investments Inc. purchased a new position in iShares Core U.S. Aggregate Bond ETF during the third quarter worth approximately $8,772,000. Iowa State Bank acquired a new position in iShares Core U.S. Aggregate Bond ETF during the third quarter worth $1,636,000. Montecito Bank & Trust purchased a new stake in iShares Core U.S. Aggregate Bond ETF in the 3rd quarter valued at $14,385,000. Ironwood Wealth Management LLC. purchased a new stake in iShares Core U.S. Aggregate Bond ETF in the 3rd quarter valued at $3,964,000. Finally, Center for Financial Planning Inc. grew its holdings in iShares Core U.S. Aggregate Bond ETF by 3.7% in the 3rd quarter. Center for Financial Planning Inc. now owns 1,123,795 shares of the company’s stock valued at $106,244,000 after buying an additional 39,959 shares in the last quarter. Hedge funds and other institutional investors own 83.63% of the company’s stock.
iShares Core U.S. Aggregate Bond ETF Company Profile
IShares are index funds that are bought and sold like common stocks on national securities exchanges as well as certain foreign exchanges. iShares are attractive because of their relatively low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account.
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