Short Interest in iShares MBS ETF (NASDAQ:MBB) Drops By 44.3%

iShares MBS ETF (NASDAQ:MBB) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 1,792,532 shares, a decline of 44.3% from the January 15th total of 3,216,263 shares. Based on an average daily volume of 2,509,240 shares, the short-interest ratio is presently 0.7 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 2,509,240 shares, the short-interest ratio is presently 0.7 days.

Hedge Funds Weigh In On iShares MBS ETF

A number of large investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in iShares MBS ETF by 11.8% in the 3rd quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock valued at $6,840,878,000 after purchasing an additional 7,566,099 shares during the period. JPMorgan Chase & Co. raised its position in shares of iShares MBS ETF by 2.3% in the third quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock worth $4,917,131,000 after buying an additional 1,182,620 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares MBS ETF by 4.1% in the fourth quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock worth $2,656,940,000 after buying an additional 1,104,895 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in iShares MBS ETF by 2.7% during the third quarter. Envestnet Asset Management Inc. now owns 27,494,519 shares of the company’s stock valued at $2,616,104,000 after buying an additional 727,070 shares during the period. Finally, TIAA Trust National Association grew its position in iShares MBS ETF by 2.5% during the fourth quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock worth $2,479,899,000 after buying an additional 646,390 shares in the last quarter. 91.70% of the stock is currently owned by institutional investors.

iShares MBS ETF Trading Up 0.4%

MBB stock traded up $0.41 during midday trading on Friday, reaching $96.55. 1,924,900 shares of the company’s stock traded hands, compared to its average volume of 3,260,843. The company has a 50-day moving average price of $95.41 and a two-hundred day moving average price of $95.07. iShares MBS ETF has a 52 week low of $90.84 and a 52 week high of $96.55.

iShares MBS ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.3347 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.2%. This is an increase from iShares MBS ETF’s previous monthly dividend of $0.33.

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).