Short Interest in iShares Agency Bond ETF (NYSEARCA:AGZ) Rises By 70.2%

iShares Agency Bond ETF (NYSEARCA:AGZ) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 8,000 shares, anincreaseof70.2% from the July 15th total of 4,700 shares. Based on an average daily volume of 17,400 shares, the days-to-cover ratio is currently 0.5 days. Approximately0.1% of the shares of the company are short sold. Approximately0.1% of the shares of the company are short sold. Based on an average daily volume of 17,400 shares, the days-to-cover ratio is currently 0.5 days.

iShares Agency Bond ETF Price Performance

AGZ stock opened at $109.53 on Wednesday. The company’s 50-day simple moving average is $109.25 and its 200-day simple moving average is $109.01. iShares Agency Bond ETF has a 52-week low of $107.29 and a 52-week high of $110.89.

Institutional Investors Weigh In On iShares Agency Bond ETF

Several hedge funds have recently modified their holdings of the company. HighTower Advisors LLC boosted its stake in shares of iShares Agency Bond ETF by 7.3% during the 1st quarter. HighTower Advisors LLC now owns 389,506 shares of the company’s stock worth $42,628,000 after acquiring an additional 26,650 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of iShares Agency Bond ETF by 2.1% during the 4th quarter. Stifel Financial Corp now owns 358,986 shares of the company’s stock worth $38,758,000 after acquiring an additional 7,300 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of iShares Agency Bond ETF by 0.3% during the 2nd quarter. Raymond James Financial Inc. now owns 288,709 shares of the company’s stock worth $31,671,000 after acquiring an additional 749 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of iShares Agency Bond ETF by 8.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 194,732 shares of the company’s stock worth $21,362,000 after acquiring an additional 15,656 shares in the last quarter. Finally, Faithward Advisors LLC raised its position in shares of iShares Agency Bond ETF by 5.9% during the 2nd quarter. Faithward Advisors LLC now owns 194,717 shares of the company’s stock worth $21,360,000 after purchasing an additional 10,898 shares during the last quarter. 9.74% of the stock is owned by hedge funds and other 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.