Short Interest in iShares MBS ETF (NASDAQ:MBB) Decreases By 32.2%

iShares MBS ETF (NASDAQ:MBB) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 1,790,000 shares, a decline of 32.2% from the December 15th total of 2,640,000 shares. Based on an average daily volume of 2,838,100 shares, the short-interest ratio is presently 0.6 days.

iShares MBS ETF Price Performance

Shares of iShares MBS ETF stock traded down $0.07 during trading hours on Friday, hitting $91.59. The company’s stock had a trading volume of 1,989,711 shares, compared to its average volume of 2,518,331. The business has a fifty day moving average of $92.23 and a 200 day moving average of $93.57. iShares MBS ETF has a 1-year low of $89.16 and a 1-year high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were given a dividend of $0.2944 per share. The ex-dividend date was Wednesday, December 18th.

Institutional Investors Weigh In On iShares MBS ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC grew its holdings in iShares MBS ETF by 115.5% during the 3rd quarter. Hobbs Group Advisors LLC now owns 278 shares of the company’s stock worth $27,000 after acquiring an additional 149 shares in the last quarter. St. Johns Investment Management Company LLC bought a new position in shares of iShares MBS ETF during the third quarter worth about $30,000. Godsey & Gibb Inc. acquired a new position in iShares MBS ETF in the third quarter worth about $33,000. MeadowBrook Investment Advisors LLC increased its holdings in iShares MBS ETF by 413.5% in the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after buying an additional 306 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV raised its stake in iShares MBS ETF by 254.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the company’s stock valued at $44,000 after buying an additional 333 shares in the last quarter. Hedge funds and other 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).