iShares Agency Bond ETF (NYSEARCA:AGZ – Get Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 14,140 shares, a growth of 145.1% from the May 31st total of 5,769 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 10,632 shares, the days-to-cover ratio is presently 1.3 days.
iShares Agency Bond ETF Price Performance
Shares of AGZ stock traded down $0.23 during trading hours on Tuesday, reaching $109.28. 27,950 shares of the company were exchanged, compared to its average volume of 18,623. iShares Agency Bond ETF has a fifty-two week low of $108.29 and a fifty-two week high of $111.00. The stock’s fifty day moving average is $109.19 and its two-hundred day moving average is $109.79.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. MAI Capital Management raised its position in shares of iShares Agency Bond ETF by 1,342.9% during the third quarter. MAI Capital Management now owns 505 shares of the company’s stock worth $56,000 after acquiring an additional 470 shares during the last quarter. Advisory Services Network LLC acquired a new stake in iShares Agency Bond ETF in the third quarter worth about $190,000. Corient Private Wealth LLC bought a new stake in iShares Agency Bond ETF during the 2nd quarter worth about $200,000. Godfrey Financial Associates Inc. acquired a new position in iShares Agency Bond ETF during the 4th quarter valued at about $206,000. Finally, Portland Global Advisors LLC bought a new position in shares of iShares Agency Bond ETF in the 4th quarter valued at about $220,000. 9.74% of the stock is currently owned by institutional investors.
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.
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