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

iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 17,752,400 shares, a drop of 16.6% from the January 15th total of 21,282,369 shares. Based on an average daily volume of 11,175,070 shares, the short-interest ratio is currently 1.6 days. Currently, 1.3% of the shares of the stock are sold short. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily volume of 11,175,070 shares, the short-interest ratio is currently 1.6 days.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of NYSEARCA AGG traded up $0.32 during mid-day trading on Monday, hitting $100.99. 5,927,017 shares of the stock were exchanged, compared to its average volume of 9,838,037. The stock’s fifty day simple moving average is $100.06 and its two-hundred day simple moving average is $100.08. iShares Core U.S. Aggregate Bond ETF has a twelve month low of $96.15 and a twelve month high of $101.35. The company has a market cap of $139.57 billion, a P/E ratio of 124.57 and a beta of 0.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its position in shares of iShares Core U.S. Aggregate Bond ETF by 11.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 54,218,326 shares of the company’s stock valued at $5,378,443,000 after acquiring an additional 5,728,914 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in iShares Core U.S. Aggregate Bond ETF by 17.5% in the third quarter. Mercer Global Advisors Inc. ADV now owns 33,227,135 shares of the company’s stock valued at $3,331,020,000 after purchasing an additional 4,942,715 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in iShares Core U.S. Aggregate Bond ETF in the second quarter valued at about $395,573,000. Constellation Investments Inc. boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 70.2% during the fourth quarter. Constellation Investments Inc. now owns 7,062,919 shares of the company’s stock worth $705,444,000 after buying an additional 2,914,000 shares during the last quarter. Finally, Valpey Financial Services LLC boosted its holdings in iShares Core U.S. Aggregate Bond ETF by 9,942.1% during the fourth quarter. Valpey Financial Services LLC now owns 2,872,830 shares of the company’s stock worth $286,938,000 after buying an additional 2,844,222 shares during the last quarter. Institutional investors and hedge funds own 83.63% of the company’s stock.

iShares Core U.S. Aggregate Bond ETF Company Profile

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.