iShares MBS ETF (NASDAQ:MBB) Short Interest Update

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

iShares MBS ETF Price Performance

MBB stock opened at $89.62 on Thursday. The company’s 50-day moving average price is $92.41 and its two-hundred day moving average price is $93.73. iShares MBS ETF has a 12 month low of $89.14 and a 12 month high of $96.96.

iShares MBS ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a dividend of $0.3388 per share. The ex-dividend date was Tuesday, September 1st. This represents a $4.07 annualized dividend and a dividend yield of 4.5%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. WESPAC Advisors SoCal LLC bought a new stake in shares of iShares MBS ETF during the 1st quarter worth $3,512,000. Portfolio Resources Advisor Group Inc. acquired a new stake in iShares MBS ETF in the fourth quarter valued at about $1,436,000. Compass Financial Group Inc. Ohio bought a new position in iShares MBS ETF in the fourth quarter valued at about $2,274,000. Envestnet Asset Management Inc. grew its position in 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 acquiring an additional 2,006,656 shares during the last quarter. Finally, WealthPoint Financial LLC bought a new position in iShares MBS ETF in the fourth quarter valued at about $1,448,000. 91.70% of the stock is currently owned by institutional investors and hedge funds.

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).