iShares MBS ETF (NASDAQ:MBB) Sees Significant Decline in Short Interest

iShares MBS ETF (NASDAQ:MBB) saw a significant drop in short interest in December. As of December 15th, there was short interest totaling 3,453,251 shares, a drop of 18.3% from the November 30th total of 4,227,385 shares. Based on an average daily trading volume, of 2,576,169 shares, the short-interest ratio is presently 1.3 days. Approximately 0.8% of the shares of the stock are short sold. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,576,169 shares, the short-interest ratio is presently 1.3 days.

iShares MBS ETF Price Performance

NASDAQ MBB traded down $0.23 during trading on Wednesday, reaching $95.22. The company’s stock had a trading volume of 2,415,150 shares, compared to its average volume of 3,102,393. The firm has a fifty day moving average of $95.38 and a 200 day moving average of $94.55. iShares MBS ETF has a one year low of $90.28 and a one year high of $96.25.

iShares MBS ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a $0.334 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, December 19th.

Institutional Trading of iShares MBS ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. TIAA Trust National Association increased its holdings in iShares MBS ETF by 349.3% during the 2nd quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock valued at $2,245,510,000 after purchasing an additional 18,631,536 shares during the period. Bank of America Corp DE increased its position in shares of iShares MBS ETF by 11.8% during the third quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock valued at $6,840,878,000 after buying an additional 7,566,099 shares during the period. Barclays PLC boosted its position in shares of iShares MBS ETF by 77.1% during the third quarter. Barclays PLC now owns 7,632,784 shares of the company’s stock valued at $726,259,000 after purchasing an additional 3,322,737 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of iShares MBS ETF by 10,569.3% during the 2nd quarter. Prudential Financial Inc. now owns 1,463,719 shares of the company’s stock valued at $137,429,000 after buying an additional 1,450,000 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of iShares MBS ETF by 5.7% in the 3rd quarter. Fisher Asset Management LLC now owns 22,503,900 shares of the company’s stock worth $2,141,246,000 after buying an additional 1,206,273 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

About iShares MBS ETF

iShares MBS ETF (the Fund), formerly iShares Barclays MBS Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results, which correspond to the price and yield performance of the Barclays Capital U.S. MBS Index (the Index). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage (GNMA). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).