iShares MBS ETF (NASDAQ:MBB) Short Interest Down 56.0% in October

iShares MBS ETF (NASDAQ:MBB) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 1,170,000 shares, a decrease of 56.0% from the October 15th total of 2,660,000 shares. Based on an average daily volume of 2,352,100 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On iShares MBS ETF

Several hedge funds have recently bought and sold shares of the business. Crewe Advisors LLC grew its position in shares of iShares MBS ETF by 62.8% in the first quarter. Crewe Advisors LLC now owns 1,426 shares of the company’s stock valued at $132,000 after purchasing an additional 550 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of iShares MBS ETF in the third quarter valued at about $519,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares MBS ETF in the second quarter valued at about $61,000. Ascent Group LLC grew its position in shares of iShares MBS ETF by 27.5% in the second quarter. Ascent Group LLC now owns 76,549 shares of the company’s stock valued at $7,028,000 after purchasing an additional 16,488 shares during the last quarter. Finally, Zions Bancorporation N.A. acquired a new stake in shares of iShares MBS ETF in the second quarter valued at about $189,000. 91.70% of the stock is owned by institutional investors and hedge funds.

iShares MBS ETF Price Performance

Shares of NASDAQ:MBB traded up $0.08 during midday trading on Wednesday, hitting $92.39. 3,336,209 shares of the stock were exchanged, compared to its average volume of 2,334,917. iShares MBS ETF has a 52-week low of $89.11 and a 52-week high of $96.76. The business’s fifty day simple moving average is $94.61 and its two-hundred day simple moving average is $93.33.

iShares MBS ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.3099 per share. The ex-dividend date was Friday, November 1st.

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).