Short Interest in CCM Affordable Housing MBS ETF (NYSEARCA:OWNS) Declines By 36.4%

CCM Affordable Housing MBS ETF (NYSEARCA:OWNS) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 26,962 shares, a drop of 36.4% from the August 15th total of 42,383 shares. Based on an average trading volume of 11,682 shares, the days-to-cover ratio is presently 2.3 days. Currently, 0.4% of the company’s stock are short sold.

CCM Affordable Housing MBS ETF Trading Down 0.3%

OWNS stock opened at $16.83 on Friday. The business has a 50-day simple moving average of $17.06 and a two-hundred day simple moving average of $17.28. CCM Affordable Housing MBS ETF has a 52-week low of $16.73 and a 52-week high of $18.04.

CCM Affordable Housing MBS ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were given a dividend of $0.1647 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.66 annualized dividend and a dividend yield of 3.9%.

About CCM Affordable Housing MBS ETF

The Impact Shares Affordable Housing MBS ETF (OWNS) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund seeks to generate current income from an actively managed portfolio of investment grade, fixed income securities backed by mortgage loans made to low- and moderate-income borrowers and minorities. OWNS was launched on Jul 26, 2021 and is managed by Impact Shares.