iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Large Decrease in Short Interest

iShares Agency Bond ETF (NYSEARCA:AGZ) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 9,141 shares, a drop of 35.4% from the June 15th total of 14,140 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 12,246 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings 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 acquiring an additional 61,831 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in iShares Agency Bond ETF by 146.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 53,779 shares of the company’s stock worth $5,900,000 after acquiring an additional 31,920 shares in the last quarter. Stifel Financial Corp grew its holdings in iShares Agency Bond ETF by 7.4% during the 4th quarter. Stifel Financial Corp now owns 426,879 shares of the company’s stock worth $47,067,000 after acquiring an additional 29,378 shares in the last quarter. HighTower Advisors LLC increased its position in shares of iShares Agency Bond ETF by 6.2% in the 4th quarter. HighTower Advisors LLC now owns 474,523 shares of the company’s stock worth $52,316,000 after purchasing an additional 27,873 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of iShares Agency Bond ETF by 276.3% in the 1st quarter. Jane Street Group LLC now owns 34,101 shares of the company’s stock valued at $3,732,000 after purchasing an additional 25,039 shares in the last quarter. 9.74% of the stock is owned by institutional investors and hedge funds.

iShares Agency Bond ETF Price Performance

iShares Agency Bond ETF stock opened at $108.74 on Friday. iShares Agency Bond ETF has a one year low of $108.29 and a one year high of $111.00. The stock’s 50 day moving average price is $108.95 and its 200 day moving average price is $109.66.

About iShares Agency Bond ETF

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.