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

iShares MBS ETF (NASDAQ:MBB) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,350,000 shares, a decline of 16.1% from the February 13th total of 1,610,000 shares. Based on an average daily volume of 2,859,500 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares MBS ETF

A number of institutional investors have recently made changes to their positions in MBB. M1 Capital Management LLC bought a new stake in iShares MBS ETF during the 4th quarter worth approximately $1,364,000. Wealth Enhancement Advisory Services LLC increased its position in shares of iShares MBS ETF by 35.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 207,197 shares of the company’s stock worth $18,996,000 after acquiring an additional 54,659 shares in the last quarter. Wealthedge Investment Advisors LLC acquired a new stake in shares of iShares MBS ETF during the fourth quarter worth $463,000. Wood Tarver Financial Group LLC bought a new stake in iShares MBS ETF in the 4th quarter valued at $106,000. Finally, Kilter Group LLC bought a new stake in iShares MBS ETF in the 4th quarter valued at $2,139,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Stock Up 0.1 %

Shares of MBB traded up $0.13 during trading hours on Thursday, hitting $93.64. The stock had a trading volume of 750,085 shares, compared to its average volume of 2,518,450. The company’s fifty day moving average is $92.42 and its two-hundred day moving average is $93.22. iShares MBS ETF has a 52 week low of $89.16 and a 52 week high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a $0.3204 dividend. The ex-dividend date was Monday, March 3rd.

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).