Short Interest in iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) Declines By 96.8%

iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 95,291 shares, a drop of 96.8% from the January 15th total of 2,988,602 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 332,011 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 332,011 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

iShares ESG Aware U.S. Aggregate Bond ETF Stock Down 0.2%

EAGG stock traded down $0.10 during trading on Wednesday, hitting $48.01. 481,341 shares of the company traded hands, compared to its average volume of 445,569. iShares ESG Aware U.S. Aggregate Bond ETF has a 1 year low of $46.14 and a 1 year high of $48.54. The stock’s 50-day simple moving average is $47.92 and its 200 day simple moving average is $47.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EAGG. JPMorgan Chase & Co. grew its holdings in shares of iShares ESG Aware U.S. Aggregate Bond ETF by 1.6% during the fourth quarter. JPMorgan Chase & Co. now owns 8,156,611 shares of the company’s stock worth $390,294,000 after buying an additional 131,331 shares in the last quarter. Bank of New York Mellon Corp boosted its position in iShares ESG Aware U.S. Aggregate Bond ETF by 4.3% during the second quarter. Bank of New York Mellon Corp now owns 679,364 shares of the company’s stock worth $32,297,000 after acquiring an additional 27,877 shares during the last quarter. Olde Wealth Management LLC acquired a new position in iShares ESG Aware U.S. Aggregate Bond ETF during the third quarter worth about $20,543,000. Baird Financial Group Inc. grew its stake in iShares ESG Aware U.S. Aggregate Bond ETF by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 319,146 shares of the company’s stock valued at $15,172,000 after acquiring an additional 4,284 shares in the last quarter. Finally, eCIO Inc. raised its holdings in iShares ESG Aware U.S. Aggregate Bond ETF by 25.7% in the 3rd quarter. eCIO Inc. now owns 171,213 shares of the company’s stock valued at $8,223,000 after acquiring an additional 34,981 shares during the last quarter.

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.