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

iShares MBS ETF (NASDAQ:MBB) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 570,000 shares, a drop of 57.8% from the February 28th total of 1,350,000 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,970,400 shares, the days-to-cover ratio is currently 0.2 days.

iShares MBS ETF Stock Up 0.7 %

NASDAQ:MBB traded up $0.64 during mid-day trading on Friday, reaching $93.66. 1,918,022 shares of the company’s stock traded hands, compared to its average volume of 2,534,575. iShares MBS ETF has a 12-month low of $89.16 and a 12-month high of $96.76. The company has a 50 day moving average price of $92.74 and a 200-day moving average price of $93.13.

iShares MBS ETF Cuts Dividend

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

Institutional Trading of iShares MBS ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MBB. Commerce Bank lifted its position in shares of iShares MBS ETF by 87.2% in the 3rd quarter. Commerce Bank now owns 4,166 shares of the company’s stock worth $399,000 after purchasing an additional 1,940 shares during the period. Cerity Partners LLC raised its stake in iShares MBS ETF by 0.5% in the third quarter. Cerity Partners LLC now owns 39,068 shares of the company’s stock worth $3,743,000 after buying an additional 206 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in iShares MBS ETF by 163.4% in the third quarter. Loomis Sayles & Co. L P now owns 4,069 shares of the company’s stock worth $390,000 after buying an additional 2,524 shares during the period. Bank of Montreal Can boosted its position in iShares MBS ETF by 2.9% during the 3rd quarter. Bank of Montreal Can now owns 1,041,964 shares of the company’s stock valued at $100,247,000 after acquiring an additional 29,745 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of iShares MBS ETF by 15.4% during the 3rd quarter. D.A. Davidson & CO. now owns 19,620 shares of the company’s stock worth $1,880,000 after acquiring an additional 2,622 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

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).