iShares CMBS ETF (NYSEARCA:CMBS) Sees Significant Drop in Short Interest

iShares CMBS ETF (NYSEARCA:CMBS) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 4,269 shares, a drop of 67.5% from the September 15th total of 13,151 shares. Based on an average daily trading volume, of 112,988 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

iShares CMBS ETF Price Performance

Shares of NYSEARCA CMBS traded up $0.07 during midday trading on Wednesday, reaching $47.40. The company’s stock had a trading volume of 28,709 shares, compared to its average volume of 48,947. iShares CMBS ETF has a 12-month low of $47.09 and a 12-month high of $49.89. The firm has a 50 day moving average price of $47.87 and a 200-day moving average price of $48.33.

Institutional Trading of iShares CMBS ETF

Hedge funds have recently bought and sold shares of the business. Rogco LP bought a new position in iShares CMBS ETF during the second quarter valued at about $43,000. Wealthcare Advisory Partners LLC raised its position in iShares CMBS ETF by 3.4% in the second quarter. Wealthcare Advisory Partners LLC now owns 6,485 shares of the company’s stock worth $315,000 after acquiring an additional 214 shares during the period. IFP Advisors Inc raised its position in iShares CMBS ETF by 42.3% in the second quarter. IFP Advisors Inc now owns 7,869 shares of the company’s stock worth $383,000 after acquiring an additional 2,341 shares during the period. Bank of New York Mellon Corp raised its position in iShares CMBS ETF by 82.4% in the first quarter. Bank of New York Mellon Corp now owns 10,746 shares of the company’s stock worth $524,000 after acquiring an additional 4,856 shares during the period. Finally, City Center Advisors LLC raised its position in iShares CMBS ETF by 13.6% in the second quarter. City Center Advisors LLC now owns 11,547 shares of the company’s stock worth $562,000 after acquiring an additional 1,380 shares during the period.

About iShares CMBS ETF

The iShares CMBS ETF (CMBS) is an exchange-traded fund that is based on the Bloomberg U.S. CMBS (ERISA Only) index. The fund tracks an index of investment-grade commercial mortgage-backed securities (CMBSs) with an expected life of at least one year. CMBS was launched on Feb 14, 2012 and is managed by BlackRock.