iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) Sees Significant Growth in Short Interest

iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 22,339,432 shares, a growth of 57.7% from the September 15th total of 14,169,598 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,993,123 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On iShares Core U.S. Aggregate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in AGG. Verus Wealth Management LLC lifted its stake in shares of iShares Core U.S. Aggregate Bond ETF by 1.3% in the 1st quarter. Verus Wealth Management LLC now owns 8,057 shares of the company’s stock valued at $800,000 after purchasing an additional 106 shares during the period. Childress Capital Advisors LLC boosted its position in shares of iShares Core U.S. Aggregate Bond ETF by 1.0% during the 1st quarter. Childress Capital Advisors LLC now owns 10,646 shares of the company’s stock worth $1,057,000 after purchasing an additional 107 shares in the last quarter. Fortitude Advisory Group L.L.C. grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 1.3% in the 2nd quarter. Fortitude Advisory Group L.L.C. now owns 8,566 shares of the company’s stock valued at $848,000 after buying an additional 107 shares during the period. Waystone Advisors LLC grew its stake in shares of iShares Core U.S. Aggregate Bond ETF by 3.2% in the 1st quarter. Waystone Advisors LLC now owns 3,719 shares of the company’s stock valued at $369,000 after buying an additional 116 shares during the period. Finally, Evolution Wealth Management Inc. raised its stake in iShares Core U.S. Aggregate Bond ETF by 13.9% during the 1st quarter. Evolution Wealth Management Inc. now owns 977 shares of the company’s stock worth $97,000 after buying an additional 119 shares during the period. Institutional investors own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of AGG traded up $0.12 during mid-day trading on Friday, reaching $95.53. The company had a trading volume of 2,138,125 shares, compared to its average volume of 9,536,935. The company’s 50 day simple moving average is $96.20 and its 200 day simple moving average is $97.78. iShares Core U.S. Aggregate Bond ETF has a 1-year low of $93.83 and a 1-year high of $101.46. The company has a market capitalization of $138.51 billion, a price-to-earnings ratio of 124.57 and a beta of 0.26.

About iShares Core U.S. Aggregate Bond ETF

IShares are index funds that are bought and sold like common stocks on national securities exchanges as well as certain foreign exchanges. iShares are attractive because of their relatively low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account.