iShares MBS ETF (NASDAQ:MBB) Short Interest Update

iShares MBS ETF (NASDAQ:MBB) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 6,572,541 shares, an increase of 98.3% from the August 31st total of 3,314,215 shares. Based on an average daily trading volume, of 2,578,761 shares, the days-to-cover ratio is presently 2.5 days. Approximately 1.5% of the company’s shares are short sold.

iShares MBS ETF Stock Performance

Shares of MBB stock traded up $0.10 during trading hours on Wednesday, hitting $89.62. 10,671,242 shares of the company were exchanged, compared to its average volume of 3,028,040. iShares MBS ETF has a fifty-two week low of $89.14 and a fifty-two week high of $96.96. The company has a 50 day simple moving average of $92.48 and a two-hundred day simple moving average of $93.77.

iShares MBS ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.3388 dividend. This represents a $4.07 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Tuesday, September 1st.

Hedge Funds Weigh In On iShares MBS ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MBB. WESPAC Advisors SoCal LLC purchased a new position in iShares MBS ETF in the 1st quarter valued at approximately $3,512,000. Portfolio Resources Advisor Group Inc. bought a new position in shares of iShares MBS ETF in the fourth quarter worth $1,436,000. Compass Financial Group Inc. Ohio bought a new position in shares of iShares MBS ETF in the fourth quarter worth $2,274,000. Envestnet Asset Management Inc. grew its position in shares of iShares MBS ETF by 6.9% in the second quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock valued at $2,921,648,000 after purchasing an additional 2,006,656 shares in the last quarter. Finally, WealthPoint Financial LLC purchased a new position in shares of iShares MBS ETF in the fourth quarter valued at $1,448,000. Institutional investors own 91.70% of the company’s stock.

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).