Short Interest in iShares CMBS ETF (NYSEARCA:CMBS) Drops By 77.5%

iShares CMBS ETF (NYSEARCA:CMBS) was the recipient of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 15,318 shares, a decline of 77.5% from the January 29th total of 68,138 shares. Based on an average daily trading volume, of 46,837 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 46,837 shares, the days-to-cover ratio is currently 0.3 days.

iShares CMBS ETF Trading Down 0.2%

iShares CMBS ETF stock traded down $0.09 during midday trading on Thursday, reaching $49.55. The company’s stock had a trading volume of 13,287 shares, compared to its average volume of 57,881. The stock’s 50-day simple moving average is $49.23 and its 200-day simple moving average is $49.12. iShares CMBS ETF has a 52-week low of $47.45 and a 52-week high of $50.09.

Institutional Trading of iShares CMBS ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. grew its stake in shares of iShares CMBS ETF by 122.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 71,881 shares of the company’s stock worth $3,502,000 after purchasing an additional 39,600 shares during the period. AE Wealth Management LLC boosted its holdings in iShares CMBS ETF by 6.4% during the second quarter. AE Wealth Management LLC now owns 397,979 shares of the company’s stock worth $19,389,000 after buying an additional 23,972 shares in the last quarter. Syon Capital LLC purchased a new position in iShares CMBS ETF in the third quarter valued at $28,555,000. Heck Capital Advisors LLC purchased a new position in iShares CMBS ETF in the third quarter valued at $1,133,000. Finally, Laurel Wealth Advisors LLC raised its position in shares of iShares CMBS ETF by 4,772.7% in the second quarter. Laurel Wealth Advisors LLC now owns 3,216 shares of the company’s stock worth $157,000 after acquiring an additional 3,150 shares during the period.

About iShares CMBS ETF

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.