iShares MBS ETF (NASDAQ:MBB) Sees Significant Decrease in Short Interest

iShares MBS ETF (NASDAQ:MBB) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,350,000 shares, a drop of 16.1% from the February 13th total of 1,610,000 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 2,859,500 shares, the days-to-cover ratio is currently 0.5 days.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock traded up $0.13 during trading hours on Thursday, hitting $93.64. The company’s stock had a trading volume of 750,085 shares, compared to its average volume of 2,518,450. The business has a fifty day moving average of $92.42 and a 200 day moving average of $93.22. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.3204 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Investors Weigh In On iShares MBS ETF

A number of institutional investors have recently modified their holdings of MBB. Hobbs Group Advisors LLC raised its position in shares of iShares MBS ETF by 115.5% during the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after acquiring an additional 149 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of iShares MBS ETF in the 4th quarter worth about $36,000. Key Financial Inc boosted its holdings in shares of iShares MBS ETF by 4,220.0% in the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after buying an additional 422 shares during the period. Activest Wealth Management bought a new stake in shares of iShares MBS ETF during the 4th quarter valued at about $58,000. Finally, CENTRAL TRUST Co raised its stake in iShares MBS ETF by 41.4% during the fourth quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock worth $59,000 after acquiring an additional 189 shares during the period. Institutional investors and hedge funds 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).