iShares Agency Bond ETF (NYSEARCA:AGZ) Short Interest Update

iShares Agency Bond ETF (NYSEARCA:AGZ) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 14,140 shares, an increase of 145.1% from the May 31st total of 5,769 shares. Based on an average daily volume of 10,632 shares, the short-interest ratio is presently 1.3 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. MAI Capital Management increased its position in shares of iShares Agency Bond ETF by 1,342.9% during the third quarter. MAI Capital Management now owns 505 shares of the company’s stock worth $56,000 after acquiring an additional 470 shares in the last quarter. Advisory Services Network LLC acquired a new position in iShares Agency Bond ETF during the 3rd quarter valued at about $190,000. Corient Private Wealth LLC acquired a new position in iShares Agency Bond ETF during the 2nd quarter valued at about $200,000. Godfrey Financial Associates Inc. bought a new stake in iShares Agency Bond ETF during the 4th quarter worth approximately $206,000. Finally, Portland Global Advisors LLC bought a new stake in iShares Agency Bond ETF during the 4th quarter worth approximately $220,000. 9.74% of the stock is currently owned by institutional investors and hedge funds.

iShares Agency Bond ETF Stock Performance

NYSEARCA AGZ traded down $0.46 during mid-day trading on Wednesday, hitting $108.82. The company’s stock had a trading volume of 3,810 shares, compared to its average volume of 18,500. The company’s 50 day simple moving average is $109.19 and its 200 day simple moving average is $109.79. iShares Agency Bond ETF has a twelve month low of $108.29 and a twelve month high of $111.00.

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.