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

iShares MBS ETF (NASDAQ:MBB – Get Rating) was the recipient of a large decline in short interest in April. As of April 15th, there was short interest totalling 1,560,000 shares, a decline of 41.4% from the March 31st total of 2,660,000 shares. Based on an average daily volume of 2,225,000 shares, the short-interest ratio is presently 0.7 days.

iShares MBS ETF stock opened at $98.10 on Friday. The business has a 50 day simple moving average of $101.39 and a 200-day simple moving average of $104.90. iShares MBS ETF has a 12 month low of $97.44 and a 12 month high of $108.88.

The firm also recently announced a monthly dividend, which was paid on Thursday, April 7th. Stockholders of record on Monday, April 4th were given a dividend of $0.136 per share. The ex-dividend date was Friday, April 1st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 1.66%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. TFC Financial Management acquired a new stake in shares of iShares MBS ETF in the fourth quarter worth approximately $26,000. Allegheny Financial Group LTD acquired a new stake in shares of iShares MBS ETF in the fourth quarter valued at about $27,000. Moors & Cabot Inc. boosted its position in iShares MBS ETF by 250.5% during the third quarter. Moors & Cabot Inc. now owns 25,000 shares of the company’s stock worth $29,000 after acquiring an additional 17,868 shares during the last quarter. GHP Investment Advisors Inc. purchased a new stake in iShares MBS ETF during the 1st quarter valued at about $32,000. Finally, Tyler Stone Wealth Management acquired a new stake in iShares MBS ETF in the 4th quarter valued at about $34,000.

iShares MBS ETF Company Profile (Get Rating)

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).

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