Aegon Ltd. (NYSE:AEG) Sees Large Decline in Short Interest

Aegon Ltd. (NYSE:AEG) saw a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 3,840,000 shares, a drop of 9.4% from the October 31st total of 4,240,000 shares. Based on an average daily volume of 3,040,000 shares, the short-interest ratio is presently 1.3 days. Approximately 0.2% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, UBS Group raised shares of Aegon from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 22nd.

Aegon Stock Performance

Shares of AEG traded up $0.07 during midday trading on Tuesday, reaching $6.41. The stock had a trading volume of 4,600,028 shares, compared to its average volume of 2,488,938. The firm has a 50 day simple moving average of $6.35 and a 200-day simple moving average of $6.29. Aegon has a one year low of $5.49 and a one year high of $6.96.

Institutional Trading of Aegon

A number of hedge funds have recently modified their holdings of AEG. Wilmington Savings Fund Society FSB acquired a new stake in Aegon in the 3rd quarter worth about $48,000. Sanctuary Advisors LLC bought a new stake in Aegon during the 3rd quarter worth approximately $114,000. Dorsey Wright & Associates grew its holdings in Aegon by 13.0% during the 3rd quarter. Dorsey Wright & Associates now owns 410,865 shares of the financial services provider’s stock worth $2,625,000 after acquiring an additional 47,412 shares during the last quarter. XTX Topco Ltd bought a new stake in Aegon during the 3rd quarter worth approximately $595,000. Finally, National Bank of Canada FI grew its holdings in Aegon by 6.7% during the 3rd quarter. National Bank of Canada FI now owns 138,736 shares of the financial services provider’s stock worth $887,000 after acquiring an additional 8,675 shares during the last quarter. Institutional investors and hedge funds own 4.32% of the company’s stock.

Aegon Company Profile

Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the United States, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, mutual funds, and stable value solutions; residential mortgage and digital baking services; and retail and institutional investment management solutions and retirement savings vehicles and strategies.