iShares MBS ETF (NASDAQ:MBB) Short Interest Down 16.1% in February

iShares MBS ETF (NASDAQ:MBB) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 1,350,000 shares, a decline of 16.1% from the February 13th total of 1,610,000 shares. Based on an average daily volume of 2,859,500 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares MBS ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Hobbs Group Advisors LLC boosted its stake in shares of 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. Truvestments Capital LLC purchased a new stake in shares of iShares MBS ETF during the 4th quarter worth approximately $36,000. Key Financial Inc boosted its stake in shares of iShares MBS ETF by 4,220.0% during the 4th quarter. Key Financial Inc now owns 432 shares of the company’s stock worth $40,000 after acquiring an additional 422 shares in the last quarter. Activest Wealth Management purchased a new stake in shares of iShares MBS ETF during the 4th quarter worth approximately $58,000. Finally, CENTRAL TRUST Co boosted its stake in shares of iShares MBS ETF by 41.4% during the 4th quarter. CENTRAL TRUST Co now owns 645 shares of the company’s stock worth $59,000 after acquiring an additional 189 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Stock Down 0.1 %

Shares of MBB opened at $93.14 on Tuesday. iShares MBS ETF has a twelve month low of $89.16 and a twelve month high of $96.76. The stock’s 50 day moving average is $92.33 and its two-hundred day moving average is $93.24.

iShares MBS ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.3204 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

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).