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

iShares Agency Bond ETF (NYSEARCA:AGZ) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 39,392 shares, an increase of 141.6% from the September 15th total of 16,305 shares. Based on an average daily trading volume, of 24,417 shares, the short-interest ratio is currently 1.6 days. Approximately 0.7% of the company’s stock are sold short.

iShares Agency Bond ETF Stock Down 0.0%

iShares Agency Bond ETF stock opened at $106.44 on Thursday. iShares Agency Bond ETF has a 1-year low of $105.96 and a 1-year high of $111.00. The firm’s fifty day moving average price is $107.65 and its two-hundred day moving average price is $108.60.

Institutional Investors Weigh In On iShares Agency Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its holdings 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 worth $34,294,000 after purchasing an additional 61,831 shares in the last quarter. Keybank National Association OH raised its stake in shares of iShares Agency Bond ETF by 0.8% in the first quarter. Keybank National Association OH now owns 95,062 shares of the company’s stock worth $10,429,000 after purchasing an additional 709 shares during the last quarter. Bank of America Corp DE raised its stake in shares of iShares Agency Bond ETF by 7.6% in the first quarter. Bank of America Corp DE now owns 65,696 shares of the company’s stock worth $7,207,000 after purchasing an additional 4,622 shares during the last quarter. Greenleaf Trust bought a new position in shares of iShares Agency Bond ETF in the second quarter valued at approximately $5,153,000. Finally, PNC Financial Services Group Inc. lifted 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 purchasing an additional 11,429 shares in the last quarter. Institutional investors and hedge funds own 9.74% of the company’s stock.

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.