Short Interest in iShares Agency Bond ETF (NYSEARCA:AGZ) Declines By 64.6%

iShares Agency Bond ETF (NYSEARCA:AGZ) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 5,485 shares, a drop of 64.6% from the July 15th total of 15,505 shares. Based on an average daily volume of 15,356 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

iShares Agency Bond ETF Stock Down 0.1%

Shares of NYSEARCA:AGZ traded down $0.16 on Friday, hitting $108.76. The company had a trading volume of 3,421 shares, compared to its average volume of 17,895. The business has a 50 day moving average of $108.79 and a 200 day moving average of $109.42. iShares Agency Bond ETF has a 52-week low of $108.24 and a 52-week high of $111.00.

Hedge Funds Weigh In On iShares Agency Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC increased its holdings in shares of iShares Agency Bond ETF by 6.2% during the 4th 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 last quarter. Daviman Financial LLC purchased a new stake in iShares Agency Bond ETF during the 4th quarter worth $526,000. PNC Financial Services Group Inc. increased its holdings in iShares Agency Bond ETF by 42.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 38,608 shares of the company’s stock valued at $4,236,000 after purchasing an additional 11,429 shares in the last quarter. Bank of New York Mellon Corp raised its position in iShares Agency Bond ETF by 24.7% in the first 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 during the period. Finally, Fiducient Advisors LLC raised its holdings in shares of iShares Agency Bond ETF by 2.2% during the 4th quarter. Fiducient Advisors LLC now owns 13,555 shares of the company’s stock valued at $1,494,000 after buying an additional 289 shares during the period. 9.74% of the stock is currently owned by institutional investors and hedge funds.

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.