iShares CMBS ETF (NYSEARCA:CMBS) Sees Large Decline in Short Interest

iShares CMBS ETF (NYSEARCA:CMBS) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 5,176 shares, a decrease of 46.4% from the June 30th total of 9,663 shares. Based on an average daily volume of 25,115 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of iShares CMBS ETF

Several institutional investors and hedge funds have recently made changes to their positions in CMBS. Wealthcare Advisory Partners LLC grew its holdings in iShares CMBS ETF by 3.4% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,485 shares of the company’s stock worth $315,000 after acquiring an additional 214 shares in the last quarter. City Center Advisors LLC raised its holdings in shares of iShares CMBS ETF by 13.6% in the 2nd quarter. City Center Advisors LLC now owns 11,547 shares of the company’s stock valued at $562,000 after purchasing an additional 1,380 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of iShares CMBS ETF by 15.5% in the 1st quarter. Cetera Investment Advisers now owns 153,411 shares of the company’s stock worth $7,476,000 after purchasing an additional 20,631 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of iShares CMBS ETF by 82.4% during the first quarter. Bank of New York Mellon Corp now owns 10,746 shares of the company’s stock valued at $524,000 after purchasing an additional 4,856 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new position in iShares CMBS ETF during the first quarter valued at approximately $610,000.

iShares CMBS ETF Trading Down 0.3%

CMBS traded down $0.15 during trading on Wednesday, hitting $48.25. 25,082 shares of the stock were exchanged, compared to its average volume of 45,397. The firm has a 50 day simple moving average of $48.49 and a 200 day simple moving average of $48.84. iShares CMBS ETF has a 1 year low of $48.11 and a 1 year high of $50.09.

iShares CMBS ETF Company Profile

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.