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

iShares MBS ETF (NASDAQ:MBB) was the recipient of a significant drop in short interest in 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. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,859,500 shares, the days-to-cover ratio is presently 0.5 days.

iShares MBS ETF Trading Up 0.2 %

Shares of NASDAQ:MBB traded up $0.22 during mid-day trading on Wednesday, reaching $93.51. 2,618,941 shares of the company traded hands, compared to its average volume of 2,525,334. The company’s 50 day moving average price is $92.37 and its 200-day moving average price is $93.22. iShares MBS ETF has a 52 week low of $89.16 and a 52 week high of $96.76.

iShares MBS ETF Cuts Dividend

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

Institutional Trading of iShares MBS ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Hobbs Group Advisors LLC raised its holdings in iShares MBS ETF by 115.5% during the third quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock valued at $27,000 after acquiring an additional 149 shares during the period. Truvestments Capital LLC purchased a new stake in shares of iShares MBS ETF during the fourth quarter worth about $36,000. Key Financial Inc raised its stake in iShares MBS ETF by 4,220.0% during the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock valued at $40,000 after purchasing an additional 422 shares during the period. Activest Wealth Management purchased a new position in iShares MBS ETF in the 4th quarter worth approximately $58,000. Finally, CENTRAL TRUST Co lifted its holdings in iShares MBS ETF by 41.4% in the 4th quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock worth $59,000 after purchasing an additional 189 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors.

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).