Short Interest in iShares Agency Bond ETF (NYSEARCA:AGZ) Declines By 19.5%

iShares Agency Bond ETF (NYSEARCA:AGZ) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 12,450 shares, a drop of 19.5% from the March 15th total of 15,463 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 20,252 shares, the days-to-cover ratio is presently 0.6 days.

iShares Agency Bond ETF Stock Performance

AGZ stock opened at $109.86 on Thursday. The firm has a 50 day simple moving average of $110.03 and a 200 day simple moving average of $110.24. iShares Agency Bond ETF has a 52 week low of $108.19 and a 52 week high of $111.00.

Institutional Trading of iShares Agency Bond ETF

Several institutional investors have recently made changes to their positions in AGZ. Royal Bank of Canada boosted its holdings in shares of iShares Agency Bond ETF by 2.4% during the first quarter. Royal Bank of Canada now owns 9,707 shares of the company’s stock worth $1,063,000 after purchasing an additional 226 shares during the period. Jane Street Group LLC boosted its holdings in shares of iShares Agency Bond ETF by 276.3% during the first quarter. Jane Street Group LLC now owns 34,101 shares of the company’s stock worth $3,732,000 after purchasing an additional 25,039 shares during the period. Cerity Partners LLC acquired a new stake in shares of iShares Agency Bond ETF during the second quarter worth approximately $1,406,000. Raymond James Financial Inc. lifted its stake in iShares Agency Bond ETF by 0.3% in the second quarter. Raymond James Financial Inc. now owns 288,709 shares of the company’s stock valued at $31,671,000 after acquiring an additional 749 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in iShares Agency Bond ETF by 146.0% in the second quarter. Ameriprise Financial Inc. now owns 53,779 shares of the company’s stock valued at $5,900,000 after acquiring an additional 31,920 shares during the last quarter. 9.74% of the stock is currently owned by institutional investors and hedge funds.

iShares Agency Bond ETF Company Profile

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.