iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) Sees Large Increase in Short Interest

iShares ESG Aware U.S. Aggregate Bond ETF (NYSEARCA:EAGG) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 930,358 shares, an increase of 98.1% from the April 15th total of 469,703 shares. Based on an average daily volume of 190,433 shares, the days-to-cover ratio is presently 4.9 days. Currently, 0.9% of the company’s stock are short sold.

Institutional Trading of iShares ESG Aware U.S. Aggregate Bond ETF

A number of hedge funds have recently made changes to their positions in EAGG. VSM Wealth Advisory LLC raised its holdings in iShares ESG Aware U.S. Aggregate Bond ETF by 917.6% in the 4th quarter. VSM Wealth Advisory LLC now owns 692 shares of the company’s stock worth $33,000 after acquiring an additional 624 shares during the last quarter. Hollencrest Capital Management purchased a new position in iShares ESG Aware U.S. Aggregate Bond ETF in the 1st quarter worth approximately $35,000. Triumph Capital Management purchased a new position in iShares ESG Aware U.S. Aggregate Bond ETF in the 3rd quarter worth approximately $51,000. Arax Advisory Partners purchased a new position in iShares ESG Aware U.S. Aggregate Bond ETF in the 4th quarter worth approximately $66,000. Finally, Cary Street Partners Financial LLC purchased a new position in iShares ESG Aware U.S. Aggregate Bond ETF in the 4th quarter worth approximately $105,000.

iShares ESG Aware U.S. Aggregate Bond ETF Stock Performance

Shares of EAGG traded down $0.26 during mid-day trading on Friday, reaching $46.97. The company had a trading volume of 1,263,434 shares, compared to its average volume of 380,223. The firm has a 50-day moving average price of $47.56 and a 200 day moving average price of $47.88. iShares ESG Aware U.S. Aggregate Bond ETF has a 52 week low of $46.34 and a 52 week high of $48.60.

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.