iShares MBS ETF (NASDAQ:MBB) Sees Large Growth in Short Interest

iShares MBS ETF (NASDAQ:MBB) saw a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 12,427,739 shares, an increase of 412.0% from the October 15th total of 2,427,184 shares. Based on an average trading volume of 4,795,726 shares, the days-to-cover ratio is currently 2.6 days. Approximately 3.2% of the shares of the company are short sold.

iShares MBS ETF Stock Down 0.7%

iShares MBS ETF stock traded down $0.66 during mid-day trading on Thursday, reaching $90.45. The company’s stock had a trading volume of 4,542,292 shares, compared to its average volume of 3,390,281. iShares MBS ETF has a 12-month low of $88.58 and a 12-month high of $96.96. The firm’s fifty day moving average price is $90.91 and its two-hundred day moving average price is $93.61.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a dividend of $0.3471 per share. This is a negative change from iShares MBS ETF’s previous monthly dividend of $0.3662. This represents a $4.17 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, November 2nd.

Hedge Funds Weigh In On iShares MBS ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bangor Savings Bank purchased a new position in shares of iShares MBS ETF during the third quarter worth approximately $38,457,000. Envestnet Asset Management Inc. lifted its holdings in shares of iShares MBS ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after acquiring an additional 2,006,656 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in shares of iShares MBS ETF by 748.2% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 19,603 shares of the company’s stock valued at $1,757,000 after purchasing an additional 17,292 shares in the last quarter. Tempus Wealth Planning LLC purchased a new stake in shares of iShares MBS ETF in the 3rd quarter valued at $1,170,000. Finally, Advisory Solutions Group LLC bought a new position in shares of iShares MBS ETF during the 2nd quarter valued at $2,878,000. 91.70% of the stock is currently owned by hedge funds and other institutional investors.

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).