iShares MBS ETF (NASDAQ:MBB) Stock Short Interest Jumps 412.0%

iShares MBS ETF (NASDAQ:MBB) was the target of a large increase in short interest in October. As of October 30th, there was short interest totaling 12,427,739 shares, an increase of 412.0% from the October 15th total of 2,427,184 shares. Based on an average daily volume of 4,795,726 shares, the days-to-cover ratio is presently 2.6 days. Currently, 3.2% of the company’s stock are short sold.

iShares MBS ETF Stock Performance

MBB stock traded down $0.17 during mid-day trading on Wednesday, hitting $91.06. 117,938 shares of the company were exchanged, compared to its average volume of 3,376,541. The firm’s 50 day simple moving average is $90.98 and its 200 day simple moving average is $93.66. iShares MBS ETF has a 1-year low of $88.58 and a 1-year high of $96.96.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a dividend of $0.3471 per share. This is a negative change from iShares MBS ETF’s previous monthly dividend of $0.3662. This represents a $4.17 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, November 2nd.

Institutional Investors Weigh In On iShares MBS ETF

Several large investors have recently made changes to their positions in the stock. Berger Financial Group Inc acquired a new position in shares of iShares MBS ETF during the third quarter worth about $284,000. Petix & Botte Co acquired a new stake in iShares MBS ETF in the 3rd quarter valued at approximately $253,000. Genesis Wealth Advisors LLC lifted its stake in iShares MBS ETF by 1.8% in the 3rd quarter. Genesis Wealth Advisors LLC now owns 65,080 shares of the company’s stock valued at $5,832,000 after acquiring an additional 1,145 shares in the last quarter. Composition Wealth LLC lifted its stake in iShares MBS ETF by 9.9% in the 3rd quarter. Composition Wealth LLC now owns 2,670,424 shares of the company’s stock valued at $239,323,000 after acquiring an additional 240,774 shares in the last quarter. Finally, Stelac Advisory Services LLC bought a new stake in iShares MBS ETF in the 3rd quarter valued at approximately $1,899,000. 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).