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

iShares MBS ETF (NASDAQ:MBB) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,561,180 shares, a drop of 76.2% from the September 15th total of 6,572,541 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 11,318,982 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Field & Main Bank bought a new stake in shares of iShares MBS ETF in the 2nd quarter worth about $30,000. Montgomery Financial Services LLC purchased a new position in shares of iShares MBS ETF during the 2nd quarter worth about $27,000. Brown Lisle Cummings Inc. purchased a new position in shares of iShares MBS ETF during the 1st quarter worth about $28,000. First Community Trust NA purchased a new position in shares of iShares MBS ETF during the 1st quarter worth about $32,000. Finally, Beaird Harris Wealth Management LLC purchased a new position in shares of iShares MBS ETF during the 2nd quarter worth about $34,000. 91.70% of the stock is owned by hedge funds and other institutional investors.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock traded up $0.04 on Monday, reaching $89.83. The company had a trading volume of 1,901,930 shares, compared to its average volume of 3,121,192. The firm’s 50-day moving average price is $91.82 and its two-hundred day moving average price is $93.43. iShares MBS ETF has a 1 year low of $88.58 and a 1 year high of $96.96.

iShares MBS ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.3662 dividend. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Thursday, October 1st.

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).