iShares CMBS ETF (NYSEARCA:CMBS) Stock Short Interest Climbs 268.9%

iShares CMBS ETF (NYSEARCA:CMBS) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 13,151 shares, a growth of 268.9% from the August 31st total of 3,565 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 41,527 shares, the days-to-cover ratio is presently 0.3 days.

iShares CMBS ETF Trading Down 0.1%

CMBS traded down $0.06 during trading on Friday, hitting $47.24. 86,561 shares of the stock were exchanged, compared to its average volume of 44,775. iShares CMBS ETF has a 1-year low of $47.22 and a 1-year high of $49.89. The stock has a fifty day moving average price of $48.11 and a two-hundred day moving average price of $48.48.

Hedge Funds Weigh In On iShares CMBS ETF

Institutional investors have recently modified their holdings of the business. Hyundai Investments Co. Ltd. purchased a new stake in iShares CMBS ETF in the 4th quarter valued at $577,000. Cetera Investment Advisers grew its position in iShares CMBS ETF by 15.5% during the 1st quarter. Cetera Investment Advisers now owns 153,411 shares of the company’s stock worth $7,476,000 after purchasing an additional 20,631 shares during the last quarter. Prudential PLC purchased a new position in iShares CMBS ETF during the 4th quarter worth $9,541,000. Syon Capital LLC grew its position in iShares CMBS ETF by 8.9% during the 4th quarter. Syon Capital LLC now owns 633,847 shares of the company’s stock worth $31,109,000 after purchasing an additional 51,917 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new position in iShares CMBS ETF in the first quarter valued at $610,000.

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.