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

iShares MBS ETF (NASDAQ:MBB) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 1,509,940 shares, an increase of 20.0% from the March 31st total of 1,258,659 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 2,246,256 shares, the days-to-cover ratio is currently 0.7 days.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock opened at $94.50 on Friday. iShares MBS ETF has a fifty-two week low of $91.19 and a fifty-two week high of $96.96. The business has a 50-day moving average price of $95.26 and a 200 day moving average price of $95.43.

iShares MBS ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 6th. Investors of record on Friday, May 1st will be issued a $0.3346 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, May 1st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MBB. Bank of America Corp DE boosted its holdings in shares of iShares MBS ETF by 11.8% in the 3rd quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock valued at $6,840,878,000 after buying an additional 7,566,099 shares during the period. Barclays PLC boosted its holdings in shares of iShares MBS ETF by 77.1% in the 3rd quarter. Barclays PLC now owns 7,632,784 shares of the company’s stock valued at $726,259,000 after buying an additional 3,322,737 shares during the period. Ferguson Wellman Capital Management Inc. acquired a new position in shares of iShares MBS ETF in the 1st quarter valued at about $138,835,000. Bank of Montreal Can boosted its holdings in shares of iShares MBS ETF by 102.6% in the 4th quarter. Bank of Montreal Can now owns 2,883,524 shares of the company’s stock valued at $274,569,000 after buying an additional 1,460,545 shares during the period. Finally, TIAA Trust National Association boosted its stake in iShares MBS ETF by 5.8% in the third quarter. TIAA Trust National Association now owns 25,364,396 shares of the company’s stock valued at $2,413,954,000 after acquiring an additional 1,399,487 shares during the period. 91.70% of the stock is 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).