iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) Short Interest Up 208.0% in May

iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 1,875,484 shares, a growth of 208.0% from the May 14th total of 608,834 shares. Based on an average daily trading volume, of 724,658 shares, the days-to-cover ratio is presently 2.6 days. Currently, 1.9% of the company’s shares are sold short.

iShares ESG Aware U.S. Aggregate Bond ETF Stock Down 0.1%

NYSEARCA EAGG opened at $47.29 on Friday. The firm’s 50-day moving average is $47.39 and its two-hundred day moving average is $47.75. iShares ESG Aware U.S. Aggregate Bond ETF has a 12 month low of $46.71 and a 12 month high of $48.60.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Motco lifted its position in iShares ESG Aware U.S. Aggregate Bond ETF by 11.2% in the fourth quarter. Motco now owns 2,362 shares of the company’s stock valued at $113,000 after buying an additional 238 shares during the last quarter. Manning & Napier Advisors LLC increased its stake in iShares ESG Aware U.S. Aggregate Bond ETF by 9.6% during the fourth quarter. Manning & Napier Advisors LLC now owns 4,223 shares of the company’s stock worth $202,000 after purchasing an additional 370 shares during the period. Spinnaker Trust increased its stake in iShares ESG Aware U.S. Aggregate Bond ETF by 2.1% during the fourth quarter. Spinnaker Trust now owns 17,870 shares of the company’s stock worth $855,000 after purchasing an additional 370 shares during the period. Farmers National Bank increased its stake in iShares ESG Aware U.S. Aggregate Bond ETF by 6.5% during the first quarter. Farmers National Bank now owns 6,614 shares of the company’s stock worth $314,000 after purchasing an additional 401 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in iShares ESG Aware U.S. Aggregate Bond ETF by 3.9% during the fourth quarter. Venturi Wealth Management LLC now owns 13,726 shares of the company’s stock worth $657,000 after purchasing an additional 509 shares during the period.

About iShares ESG Aware U.S. Aggregate Bond ETF

The iShares ESG U.S. Aggregate Bond ETF (EAGG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US dollar-denominated bonds from issuers evaluated for favorable ESG practices. EAGG was launched on Oct 18, 2018 and is managed by BlackRock.