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

iShares MBS ETF (NASDAQ:MBBGet Rating) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 1,410,000 shares, a decrease of 67.9% from the April 30th total of 4,390,000 shares. Based on an average daily trading volume, of 2,079,200 shares, the days-to-cover ratio is currently 0.7 days.

Several hedge funds have recently bought and sold shares of MBB. BNP Paribas Arbitrage SA grew its position in iShares MBS ETF by 67.6% during the fourth quarter. BNP Paribas Arbitrage SA now owns 184,414 shares of the company’s stock worth $19,812,000 after buying an additional 74,400 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in shares of iShares MBS ETF by 40.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 66,964 shares of the company’s stock worth $7,241,000 after acquiring an additional 19,216 shares during the period. Acorns Advisers LLC grew its stake in shares of iShares MBS ETF by 109.4% in the 3rd quarter. Acorns Advisers LLC now owns 52,132 shares of the company’s stock worth $5,638,000 after buying an additional 27,236 shares during the last quarter. Jacobi Capital Management LLC lifted its position in iShares MBS ETF by 5.1% in the 3rd quarter. Jacobi Capital Management LLC now owns 13,732 shares of the company’s stock valued at $1,485,000 after acquiring an additional 669 shares in the last quarter. Finally, Kwmg LLC lifted its position in iShares MBS ETF by 3.2% in the 4th quarter. Kwmg LLC now owns 84,947 shares of the company’s stock valued at $9,126,000 after acquiring an additional 2,598 shares in the last quarter.

Shares of NASDAQ:MBB traded up $0.14 during trading on Thursday, reaching $99.68. 5,378 shares of the company traded hands, compared to its average volume of 2,212,545. iShares MBS ETF has a 52 week low of $96.93 and a 52 week high of $108.83. The company’s 50 day moving average is $99.40 and its two-hundred day moving average is $103.69.

The company also recently disclosed a monthly dividend, which was paid on Friday, May 6th. Shareholders of record on Tuesday, May 3rd were paid a $0.148 dividend. This represents a $1.78 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Monday, May 2nd. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.14.

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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