iShares CMBS ETF (NYSEARCA:CMBS) Sees Large Drop in Short Interest

iShares CMBS ETF (NYSEARCA:CMBS) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 3,565 shares, a decrease of 69.8% from the August 15th total of 11,796 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 25,141 shares, the days-to-cover ratio is presently 0.1 days.

iShares CMBS ETF Stock Performance

Shares of NYSEARCA CMBS traded down $0.17 during mid-day trading on Friday, reaching $47.72. 45,221 shares of the company traded hands, compared to its average volume of 43,097. iShares CMBS ETF has a fifty-two week low of $47.65 and a fifty-two week high of $49.89. The company’s fifty day moving average is $48.29 and its two-hundred day moving average is $48.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Prudential PLC bought a new stake in shares of iShares CMBS ETF during the fourth quarter valued at approximately $9,541,000. LPL Financial LLC boosted its holdings in iShares CMBS ETF by 39.4% during the fourth quarter. LPL Financial LLC now owns 418,164 shares of the company’s stock worth $20,523,000 after buying an additional 118,291 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in iShares CMBS ETF during the 4th quarter worth approximately $3,286,000. Cetera Investment Advisers grew its holdings in shares of iShares CMBS ETF by 92.3% in the 4th quarter. Cetera Investment Advisers now owns 132,780 shares of the company’s stock valued at $6,517,000 after buying an additional 63,726 shares during the period. Finally, UBS Group AG grew its stake in iShares CMBS ETF by 15.8% in the third quarter. UBS Group AG now owns 438,177 shares of the company’s stock valued at $21,501,000 after acquiring an additional 59,939 shares during the period.

About iShares CMBS ETF

The iShares CMBS ETF (CMBS) is an exchange-traded fund that is based on the Bloomberg U.S. CMBS (ERISA Only) index. The fund tracks an index of investment-grade commercial mortgage-backed securities (CMBSs) with an expected life of at least one year. CMBS was launched on Feb 14, 2012 and is managed by BlackRock.