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

iShares MBS ETF (NASDAQ:MBB) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 1,258,659 shares, a decline of 23.1% from the March 15th total of 1,636,658 shares. Based on an average trading volume of 3,316,614 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

iShares MBS ETF Price Performance

iShares MBS ETF stock opened at $95.46 on Wednesday. The business’s fifty day simple moving average is $95.46 and its two-hundred day simple moving average is $95.43. iShares MBS ETF has a 12 month low of $91.19 and a 12 month high of $96.96.

iShares MBS ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were paid a $0.3329 dividend. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.33. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Wednesday, April 1st.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Howe & Rusling Inc. raised its stake in shares of iShares MBS ETF by 184.0% in the third quarter. Howe & Rusling Inc. now owns 284 shares of the company’s stock worth $27,000 after purchasing an additional 184 shares during the last quarter. ESL Trust Services LLC purchased a new position in shares of iShares MBS ETF in the fourth quarter worth $28,000. Westfuller Advisors LLC purchased a new position in shares of iShares MBS ETF in the third quarter worth $33,000. Nemes Rush Group LLC raised its stake in shares of iShares MBS ETF by 132.9% in the fourth quarter. Nemes Rush Group LLC now owns 361 shares of the company’s stock worth $34,000 after purchasing an additional 206 shares during the last quarter. Finally, Aventura Private Wealth LLC purchased a new position in shares of iShares MBS ETF in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

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). The Index measures the performance of investment grade mortgage-backed pass-through securities issued by the Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC).