iShares MBS ETF (NASDAQ:MBB) Shares Shorted: Short Interest Down 76.2% in September

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

iShares MBS ETF Trading Up 0.1%

Shares of MBB opened at $89.79 on Friday. The business’s fifty day moving average price is $91.88 and its two-hundred day moving average price is $93.47. iShares MBS ETF has a 52 week low of $88.58 and a 52 week high of $96.96.

iShares MBS ETF Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Global Financial Private Client LLC grew its position in iShares MBS ETF by 3.8% during the first quarter. Global Financial Private Client LLC now owns 2,937 shares of the company’s stock valued at $279,000 after buying an additional 108 shares during the period. Merkkuri Wealth Advisors LLC grew its position in shares of iShares MBS ETF by 1.2% during the first quarter. Merkkuri Wealth Advisors LLC now owns 9,944 shares of the company’s stock worth $944,000 after purchasing an additional 120 shares in the last quarter. Signature Equity Partners LLC lifted its holdings in shares of iShares MBS ETF by 27.4% in the first quarter. Signature Equity Partners LLC now owns 562 shares of the company’s stock worth $53,000 after buying an additional 121 shares in the last quarter. Beacon Financial Advisory LLC grew its stake in iShares MBS ETF by 1.7% during the fourth quarter. Beacon Financial Advisory LLC now owns 7,717 shares of the company’s stock valued at $735,000 after acquiring an additional 127 shares in the last quarter. Finally, Trinity Wealth Management LLC increased its holdings in iShares MBS ETF by 1.9% in the 1st quarter. Trinity Wealth Management LLC now owns 7,061 shares of the company’s stock valued at $670,000 after acquiring an additional 132 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

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). 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).