iShares CMBS ETF (NYSEARCA:CMBS – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 24,431 shares, an increase of 472.3% from the September 30th total of 4,269 shares. Based on an average daily trading volume, of 69,401 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are sold short.
iShares CMBS ETF Trading Down 0.4%
NYSEARCA CMBS traded down $0.21 on Wednesday, hitting $47.55. The company’s stock had a trading volume of 69,120 shares, compared to its average volume of 48,747. The company’s 50-day moving average is $47.74 and its 200 day moving average is $48.53. iShares CMBS ETF has a 1-year low of $47.09 and a 1-year high of $49.89.
Institutional Trading of iShares CMBS ETF
Several institutional investors have recently modified their holdings of CMBS. Cetera Investment Advisers increased its stake in shares of iShares CMBS ETF by 15.5% in the first quarter. Cetera Investment Advisers now owns 153,411 shares of the company’s stock valued at $7,476,000 after buying an additional 20,631 shares during the period. Hidden Cove Wealth Management LLC bought a new position in shares of iShares CMBS ETF during the third quarter worth about $2,613,000. Central Bank & Trust Co. bought a new position in shares of iShares CMBS ETF during the third quarter worth about $9,201,000. Fifth Third Bancorp bought a new position in shares of iShares CMBS ETF during the first quarter worth about $610,000. Finally, Arvest Investments Inc. acquired a new position in shares of iShares CMBS ETF in the third quarter worth approximately $24,744,000.
About iShares CMBS ETF
The iShares CMBS ETF (CMBS) is an exchange-traded fund that is based on the Bloomberg U.S. CMBS (ERISA Only) index. The fund tracks an index of investment-grade commercial mortgage-backed securities (CMBSs) with an expected life of at least one year. CMBS was launched on Feb 14, 2012 and is managed by BlackRock.
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