iShares MBS ETF (NASDAQ:MBB) Sees Large Drop in Short Interest

iShares MBS ETF (NASDAQ:MBB) was the target of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,320,000 shares, a decrease of 59.9% from the February 29th total of 3,290,000 shares. Based on an average trading volume of 2,621,100 shares, the days-to-cover ratio is currently 0.5 days.

iShares MBS ETF Price Performance

Shares of MBB traded down $0.26 during midday trading on Thursday, reaching $92.42. The stock had a trading volume of 1,714,499 shares, compared to its average volume of 2,652,243. The company’s 50-day moving average is $92.29 and its 200 day moving average is $91.00. iShares MBS ETF has a 12-month low of $85.28 and a 12-month high of $96.07.

iShares MBS ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 7th. Investors of record on Monday, March 4th were given a $0.2921 dividend. The ex-dividend date was Friday, March 1st. This represents a $3.50 dividend on an annualized basis and a yield of 3.79%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Register Financial Advisors LLC grew its stake in shares of iShares MBS ETF by 584.6% during the fourth quarter. Register Financial Advisors LLC now owns 267 shares of the company’s stock valued at $25,000 after buying an additional 228 shares during the last quarter. BluePath Capital Management LLC bought a new position in iShares MBS ETF during the 3rd quarter worth approximately $26,000. Ambassador Advisors LLC increased its stake in iShares MBS ETF by 332.8% in the 1st quarter. Ambassador Advisors LLC now owns 277 shares of the company’s stock worth $26,000 after purchasing an additional 213 shares during the period. LFA Lugano Financial Advisors SA purchased a new stake in shares of iShares MBS ETF during the fourth quarter valued at approximately $28,000. Finally, Avior Wealth Management LLC grew its holdings in shares of iShares MBS ETF by 535.3% in the third quarter. Avior Wealth Management LLC now owns 324 shares of the company’s stock worth $29,000 after purchasing an additional 273 shares during the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Company Profile

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).