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

iShares Agency Bond ETF (NYSEARCA:AGZ) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 5,485 shares, a drop of 64.6% from the July 15th total of 15,505 shares. Based on an average trading volume of 15,356 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

iShares Agency Bond ETF Stock Down 0.2%

Shares of iShares Agency Bond ETF stock traded down $0.24 on Friday, hitting $108.68. The stock had a trading volume of 8,167 shares, compared to its average volume of 17,926. iShares Agency Bond ETF has a 52-week low of $108.24 and a 52-week high of $111.00. The company’s 50 day moving average price is $108.79 and its 200 day moving average price is $109.42.

Institutional Trading of iShares Agency Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Vista Cima Wealth Management LLC grew its position in iShares Agency Bond ETF by 0.6% in the 4th quarter. Vista Cima Wealth Management LLC now owns 18,315 shares of the company’s stock valued at $2,019,000 after buying an additional 118 shares during the last quarter. Comerica Bank lifted its stake in shares of iShares Agency Bond ETF by 6.5% in the 4th quarter. Comerica Bank now owns 2,045 shares of the company’s stock worth $225,000 after acquiring an additional 125 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of iShares Agency Bond ETF by 2.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 5,552 shares of the company’s stock worth $608,000 after acquiring an additional 147 shares during the period. Focus Financial Network Inc. boosted its holdings in shares of iShares Agency Bond ETF by 0.6% in the second quarter. Focus Financial Network Inc. now owns 24,394 shares of the company’s stock valued at $2,666,000 after acquiring an additional 149 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of iShares Agency Bond ETF by 2.4% in the first quarter. Royal Bank of Canada now owns 9,707 shares of the company’s stock valued at $1,063,000 after acquiring an additional 226 shares in the last quarter. 9.74% of the stock is owned by institutional investors and hedge funds.

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.