iShares Core International Aggregate Bond ETF (BATS:IAGG) Sees Significant Increase in Short Interest

iShares Core International Aggregate Bond ETF (BATS:IAGG) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 9,292,658 shares, a growth of 754.6% from the September 15th total of 1,087,321 shares. Based on an average daily trading volume, of 3,442,857 shares, the days-to-cover ratio is presently 2.7 days. Currently, 4.5% of the company’s shares are short sold.

iShares Core International Aggregate Bond ETF Stock Up 0.1%

BATS:IAGG traded up $0.03 during trading hours on Friday, hitting $49.17. 1,237,516 shares of the company were exchanged, compared to its average volume of 1,658,995. iShares Core International Aggregate Bond ETF has a one year low of $48.81 and a one year high of $51.83. The company has a fifty day simple moving average of $49.58 and a 200 day simple moving average of $49.88.

iShares Core International Aggregate Bond ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.3151 dividend. This is a decrease from iShares Core International Aggregate Bond ETF’s previous quarterly dividend of $0.4153. The ex-dividend date was Thursday, October 1st. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.6%.

Hedge Funds Weigh In On iShares Core International Aggregate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Strive Financial Group LLC boosted its stake in iShares Core International Aggregate Bond ETF by 44.4% during the second quarter. Strive Financial Group LLC now owns 680 shares of the company’s stock worth $34,000 after acquiring an additional 209 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in iShares Core International Aggregate Bond ETF in the fourth quarter worth $47,000. AdvisorNet Financial Inc grew its holdings in iShares Core International Aggregate Bond ETF by 13.5% in the first quarter. AdvisorNet Financial Inc now owns 5,356 shares of the company’s stock worth $268,000 after purchasing an additional 637 shares during the period. Zhang Financial LLC bought a new stake in iShares Core International Aggregate Bond ETF in the first quarter valued at $438,000. Finally, Amicus Financial Advisors LLC bought a new stake in iShares Core International Aggregate Bond ETF in the fourth quarter valued at $446,000.

About iShares Core International Aggregate Bond ETF

The iShares Core International Aggregate Bond ETF (IAGG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index composed of global non-U.S. dollar denominated investment grade bonds, hedged against currency fluctuations for USD investors. IAGG was launched on Nov 10, 2015 and is managed by BlackRock.