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

iShares MBS ETF (NASDAQ:MBB) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 570,000 shares, a decrease of 57.8% from the February 28th total of 1,350,000 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 2,970,400 shares, the short-interest ratio is currently 0.2 days.

iShares MBS ETF Price Performance

Shares of NASDAQ:MBB traded up $0.64 during trading on Friday, hitting $93.66. 1,918,022 shares of the stock were exchanged, compared to its average volume of 2,534,575. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76. The company’s fifty day simple moving average is $92.74 and its 200-day simple moving average is $93.13.

iShares MBS ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares MBS ETF

Several institutional investors and hedge funds have recently bought and sold shares of MBB. Commerce Bank boosted its position in shares of iShares MBS ETF by 87.2% during the 3rd quarter. Commerce Bank now owns 4,166 shares of the company’s stock valued at $399,000 after acquiring an additional 1,940 shares in the last quarter. Cerity Partners LLC boosted its holdings in iShares MBS ETF by 0.5% during the third quarter. Cerity Partners LLC now owns 39,068 shares of the company’s stock valued at $3,743,000 after purchasing an additional 206 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in iShares MBS ETF by 163.4% during the third quarter. Loomis Sayles & Co. L P now owns 4,069 shares of the company’s stock valued at $390,000 after purchasing an additional 2,524 shares in the last quarter. Bank of Montreal Can grew its stake in shares of iShares MBS ETF by 2.9% in the 3rd quarter. Bank of Montreal Can now owns 1,041,964 shares of the company’s stock valued at $100,247,000 after purchasing an additional 29,745 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in shares of iShares MBS ETF by 15.4% in the 3rd quarter. D.A. Davidson & CO. now owns 19,620 shares of the company’s stock worth $1,880,000 after buying an additional 2,622 shares in the last quarter. 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).