iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG) Stock Short Interest Jumps 57.7%

by · The Markets Daily

iShares Core U.S. Aggregate Bond ETF (NYSEARCA:AGG – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 22,339,432 shares, an increase of 57.7% from the September 15th total of 14,169,598 shares. Based on an average daily volume of 11,993,123 shares, the days-to-cover ratio is currently 1.9 days. Approximately 1.5% of the shares of the company are sold short.

iShares Core U.S. Aggregate Bond ETF Stock Performance

Shares of AGG traded down $0.03 during mid-day trading on Friday, hitting $95.38. The company’s stock had a trading volume of 11,388,734 shares, compared to its average volume of 9,586,846. iShares Core U.S. Aggregate Bond ETF has a one year low of $93.83 and a one year high of $101.46. The firm has a market capitalization of $138.48 billion, a PE ratio of 124.57 and a beta of 0.26. The stock’s 50-day moving average is $96.16 and its two-hundred day moving average is $97.77.

Institutional Trading of iShares Core U.S. Aggregate Bond ETF

A number of hedge funds have recently bought and sold shares of the stock. Main Street Group LTD bought a new stake in iShares Core U.S. Aggregate Bond ETF in the first quarter valued at $30,000. Investors Research Corp raised its stake in iShares Core U.S. Aggregate Bond ETF by 73.4% during the second quarter. Investors Research Corp now owns 352 shares of the company’s stock worth $35,000 after acquiring an additional 149 shares in the last quarter. Signature Equity Partners LLC lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 182.9% during the first quarter. Signature Equity Partners LLC now owns 413 shares of the company’s stock valued at $41,000 after acquiring an additional 267 shares during the period. Downshift Financial LLC lifted its holdings in shares of iShares Core U.S. Aggregate Bond ETF by 306.9% during the third quarter. Downshift Financial LLC now owns 415 shares of the company’s stock valued at $39,000 after acquiring an additional 313 shares during the period. Finally, Steph & Co. bought a new position in shares of iShares Core U.S. Aggregate Bond ETF during the third quarter valued at $40,000. 83.63% of the stock is owned by institutional investors.

About iShares Core U.S. Aggregate Bond ETF

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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.

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