iShares MBS ETF (NASDAQ:MBB) Stock Short Interest Jumps 412.0%

iShares MBS ETF (NASDAQ:MBB) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 12,427,739 shares, an increase of 412.0% from the October 15th total of 2,427,184 shares. Based on an average daily volume of 4,795,726 shares, the days-to-cover ratio is presently 2.6 days. Approximately 3.2% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares MBS ETF

Several hedge funds have recently made changes to their positions in MBB. Berger Financial Group Inc bought a new position in iShares MBS ETF in the third quarter worth $284,000. Petix & Botte Co bought a new stake in shares of iShares MBS ETF during the third quarter worth $253,000. Genesis Wealth Advisors LLC increased its position in iShares MBS ETF by 1.8% in the 3rd quarter. Genesis Wealth Advisors LLC now owns 65,080 shares of the company’s stock valued at $5,832,000 after acquiring an additional 1,145 shares in the last quarter. Composition Wealth LLC increased its holdings in shares of iShares MBS ETF by 9.9% in the third quarter. Composition Wealth LLC now owns 2,670,424 shares of the company’s stock valued at $239,323,000 after purchasing an additional 240,774 shares in the last quarter. Finally, Stelac Advisory Services LLC acquired a new stake in shares of iShares MBS ETF in the 3rd quarter valued at $1,899,000. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.2%

iShares MBS ETF stock traded down $0.17 on Wednesday, reaching $91.06. 117,938 shares of the stock were exchanged, compared to its average volume of 3,376,541. The firm has a fifty day moving average price of $90.98 and a two-hundred day moving average price of $93.66. iShares MBS ETF has a twelve month low of $88.58 and a twelve month high of $96.96.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were issued a dividend of $0.3471 per share. This represents a $4.17 dividend on an annualized basis and a dividend yield of 4.6%. This is a drop from iShares MBS ETF’s previous monthly dividend of $0.3662. The ex-dividend date was Monday, November 2nd.

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).