iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) Sees Large Drop in Short Interest

iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGGGet Free Report) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,167,235 shares, a decrease of 37.8% from the May 31st total of 1,875,484 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 316,159 shares, the days-to-cover ratio is currently 3.7 days.

iShares ESG Aware U.S. Aggregate Bond ETF Trading Up 0.0%

EAGG stock traded up $0.02 during mid-day trading on Thursday, hitting $47.20. 398,732 shares of the stock were exchanged, compared to its average volume of 399,915. The business has a fifty day moving average price of $47.32 and a 200 day moving average price of $47.68. iShares ESG Aware U.S. Aggregate Bond ETF has a 12 month low of $46.71 and a 12 month high of $48.60.

Institutional Trading of iShares ESG Aware U.S. Aggregate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Motco grew its position in iShares ESG Aware U.S. Aggregate Bond ETF by 11.2% during the fourth quarter. Motco now owns 2,362 shares of the company’s stock valued at $113,000 after acquiring an additional 238 shares during the last quarter. Manning & Napier Advisors LLC lifted its holdings in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 9.6% in the 4th quarter. Manning & Napier Advisors LLC now owns 4,223 shares of the company’s stock worth $202,000 after acquiring an additional 370 shares during the last quarter. Spinnaker Trust boosted its stake in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 2.1% in the 4th quarter. Spinnaker Trust now owns 17,870 shares of the company’s stock valued at $855,000 after purchasing an additional 370 shares in the last quarter. Farmers National Bank boosted its stake in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 6.5% in the 1st quarter. Farmers National Bank now owns 6,614 shares of the company’s stock valued at $314,000 after purchasing an additional 401 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 3.9% in the 4th quarter. Venturi Wealth Management LLC now owns 13,726 shares of the company’s stock valued at $657,000 after purchasing an additional 509 shares in the last quarter.

About iShares ESG Aware U.S. Aggregate Bond ETF

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The iShares ESG U.S. Aggregate Bond ETF (EAGG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US dollar-denominated bonds from issuers evaluated for favorable ESG practices. EAGG was launched on Oct 18, 2018 and is managed by BlackRock.

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