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

iShares MBS ETF (NASDAQ:MBB) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 5,910,000 shares, a growth of 44.9% from the September 15th total of 4,080,000 shares. Based on an average trading volume of 2,955,400 shares, the days-to-cover ratio is presently 2.0 days. Based on an average trading volume of 2,955,400 shares, the days-to-cover ratio is presently 2.0 days.

iShares MBS ETF Trading Down 0.1%

MBB stock opened at $96.05 on Thursday. The stock has a 50-day moving average price of $94.88 and a two-hundred day moving average price of $93.51. iShares MBS ETF has a 1 year low of $90.28 and a 1 year high of $96.20.

iShares MBS ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were given a $0.3363 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, October 1st.

Institutional Investors Weigh In On iShares MBS ETF

Several institutional investors have recently bought and sold shares of MBB. Bank of America Corp DE grew its stake in shares of iShares MBS ETF by 2.9% during the 2nd quarter. Bank of America Corp DE now owns 64,329,626 shares of the company’s stock worth $6,039,909,000 after acquiring an additional 1,796,449 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares MBS ETF by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 26,767,449 shares of the company’s stock worth $2,513,079,000 after purchasing an additional 153,806 shares during the last quarter. LPL Financial LLC grew its position in iShares MBS ETF by 11.0% in the first quarter. LPL Financial LLC now owns 24,262,602 shares of the company’s stock valued at $2,275,347,000 after purchasing an additional 2,404,586 shares in the last quarter. TIAA Trust National Association grew its position in iShares MBS ETF by 349.3% in the second quarter. TIAA Trust National Association now owns 23,964,909 shares of the company’s stock valued at $2,245,510,000 after purchasing an additional 18,631,536 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in iShares MBS ETF by 1.2% in the 2nd quarter. Fisher Asset Management LLC now owns 21,297,627 shares of the company’s stock valued at $1,999,634,000 after buying an additional 254,658 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

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).