iShares Agency Bond ETF (NYSEARCA:AGZ) Sees Significant Growth in Short Interest

iShares Agency Bond ETF (NYSEARCA:AGZ) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 15,505 shares, a growth of 69.6% from the June 30th total of 9,141 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,179 shares, the days-to-cover ratio is presently 1.3 days.

iShares Agency Bond ETF Stock Performance

iShares Agency Bond ETF stock opened at $108.57 on Friday. The stock’s 50 day moving average price is $108.89 and its 200 day moving average price is $109.54. iShares Agency Bond ETF has a 1-year low of $108.25 and a 1-year high of $111.00.

Institutional Investors Weigh In On iShares Agency Bond ETF

Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of iShares Agency Bond ETF by 2.4% in the 1st quarter. Royal Bank of Canada now owns 9,707 shares of the company’s stock valued at $1,063,000 after purchasing an additional 226 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of iShares Agency Bond ETF by 276.3% in the first 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 during the period. Cerity Partners LLC purchased a new stake in iShares Agency Bond ETF during the second quarter worth about $1,406,000. Raymond James Financial Inc. boosted its holdings in iShares Agency Bond ETF by 0.3% during the second quarter. Raymond James Financial Inc. now owns 288,709 shares of the company’s stock worth $31,671,000 after buying an additional 749 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in iShares Agency Bond ETF by 146.0% during the second quarter. Ameriprise Financial Inc. now owns 53,779 shares of the company’s stock worth $5,900,000 after buying an additional 31,920 shares during the period. 9.74% of the stock is currently 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.