Short Interest in iShares MBS ETF (NASDAQ:MBB) Decreases By 48.6%

iShares MBS ETF (NASDAQ:MBB) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 1,636,658 shares, a decrease of 48.6% from the February 26th total of 3,184,394 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,868,455 shares, the days-to-cover ratio is presently 0.6 days.

iShares MBS ETF Stock Down 0.4%

iShares MBS ETF stock traded down $0.40 during mid-day trading on Thursday, reaching $94.33. The company’s stock had a trading volume of 727,097 shares, compared to its average volume of 2,996,055. iShares MBS ETF has a 12-month low of $90.84 and a 12-month high of $96.96. The firm’s fifty day moving average price is $95.66 and its two-hundred day moving average price is $95.47.

iShares MBS ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.3278 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Trading of iShares MBS ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Delos Wealth Advisors LLC bought a new stake in shares of iShares MBS ETF during the second quarter valued at about $26,000. Howe & Rusling Inc. boosted its position in shares of iShares MBS ETF by 184.0% in the third quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock valued at $27,000 after acquiring an additional 184 shares during the period. ESL Trust Services LLC purchased a new position in iShares MBS ETF during the fourth quarter valued at approximately $28,000. Westfuller Advisors LLC purchased a new position in iShares MBS ETF during the third quarter valued at approximately $33,000. Finally, Nemes Rush Group LLC increased its holdings in iShares MBS ETF by 132.9% during the 4th quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock worth $34,000 after acquiring an additional 206 shares during the period. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Company Profile

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).