iShares Core International Aggregate Bond ETF (BATS:IAGG) Sees Significant Drop in Short Interest

iShares Core International Aggregate Bond ETF (BATS:IAGG) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 837,598 shares, a drop of 91.0% from the September 30th total of 9,292,658 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 2,292,008 shares, the short-interest ratio is currently 0.4 days.

iShares Core International Aggregate Bond ETF Trading Up 0.1%

Shares of IAGG stock traded up $0.04 on Monday, reaching $49.41. 1,132,151 shares of the stock were exchanged, compared to its average volume of 1,651,937. iShares Core International Aggregate Bond ETF has a one year low of $48.81 and a one year high of $51.82. The stock has a 50 day moving average price of $49.44 and a 200 day moving average price of $49.84.

iShares Core International Aggregate Bond ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.3151 dividend. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares Core International Aggregate Bond ETF’s previous quarterly dividend of $0.4153. This represents a $1.26 dividend on an annualized basis and a yield of 2.6%.

Institutional Trading of iShares Core International Aggregate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IAGG. SBI Securities Co. Ltd. boosted its stake in shares of iShares Core International Aggregate Bond ETF by 198.5% in the 3rd quarter. SBI Securities Co. Ltd. now owns 609 shares of the company’s stock valued at $30,000 after purchasing an additional 405 shares during the last quarter. Strive Financial Group LLC grew its position in shares of iShares Core International Aggregate Bond ETF by 44.4% during the 2nd quarter. Strive Financial Group LLC now owns 680 shares of the company’s stock worth $34,000 after buying an additional 209 shares during the period. YANKCOM Partnership bought a new stake in shares of iShares Core International Aggregate Bond ETF during the third quarter worth approximately $63,000. Morton Brown Family Wealth LLC bought a new stake in shares of iShares Core International Aggregate Bond ETF during the third quarter worth approximately $359,000. Finally, Zhang Financial LLC bought a new stake in shares of iShares Core International Aggregate Bond ETF during the first quarter worth approximately $438,000.

About iShares Core International Aggregate Bond ETF

The iShares Core International Aggregate Bond ETF (IAGG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index composed of global non-U.S. dollar denominated investment grade bonds, hedged against currency fluctuations for USD investors. IAGG was launched on Nov 10, 2015 and is managed by BlackRock.