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

iShares MBS ETF (NASDAQ:MBB) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 570,000 shares, a decrease of 57.8% from the February 28th total of 1,350,000 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 2,970,400 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares MBS ETF

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of iShares MBS ETF by 2.5% during the fourth quarter. Bank of America Corp DE now owns 75,986,265 shares of the company’s stock worth $6,966,421,000 after buying an additional 1,826,521 shares during the period. JPMorgan Chase & Co. boosted its position in iShares MBS ETF by 49.2% during the 4th quarter. JPMorgan Chase & Co. now owns 51,720,881 shares of the company’s stock worth $4,741,789,000 after acquiring an additional 17,056,138 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares MBS ETF by 4.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 28,770,337 shares of the company’s stock valued at $2,637,664,000 after purchasing an additional 1,336,608 shares during the last quarter. LPL Financial LLC raised its holdings in shares of iShares MBS ETF by 13.9% in the fourth quarter. LPL Financial LLC now owns 21,858,016 shares of the company’s stock valued at $2,003,943,000 after purchasing an additional 2,668,319 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of iShares MBS ETF by 7.9% in the fourth quarter. Fisher Asset Management LLC now owns 19,701,940 shares of the company’s stock worth $1,806,274,000 after purchasing an additional 1,436,342 shares in the last quarter. Institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.1 %

Shares of MBB opened at $93.12 on Thursday. iShares MBS ETF has a twelve month low of $89.16 and a twelve month high of $96.76. The firm’s 50 day moving average price is $92.67 and its two-hundred day moving average price is $93.15.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.3204 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

About iShares MBS ETF

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).