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

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

iShares MBS ETF Stock Up 0.4%

MBB traded up $0.41 during trading on Friday, hitting $96.55. The company’s stock had a trading volume of 1,924,900 shares, compared to its average volume of 3,260,843. The business’s fifty day simple moving average is $95.44 and its 200 day simple moving average is $95.10. iShares MBS ETF has a twelve month low of $90.84 and a twelve month high of $96.55.

iShares MBS ETF Increases Dividend

The company also recently disclosed 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 of this dividend 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.

Institutional Trading of iShares MBS ETF

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its position in shares of iShares MBS ETF by 11.8% during the 3rd quarter. Bank of America Corp DE now owns 71,895,725 shares of the company’s stock worth $6,840,878,000 after purchasing an additional 7,566,099 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares MBS ETF by 2.3% during the third quarter. JPMorgan Chase & Co. now owns 51,677,674 shares of the company’s stock valued at $4,917,131,000 after acquiring an additional 1,182,620 shares in the last quarter. LPL Financial LLC grew its position in shares of iShares MBS ETF by 4.1% during 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. grew its holdings in iShares MBS ETF by 2.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 27,494,519 shares of the company’s stock worth $2,616,104,000 after acquiring an additional 727,070 shares in the last quarter. Finally, TIAA Trust National Association grew its position in shares of iShares MBS ETF by 2.5% in the 4th quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock worth $2,479,899,000 after acquiring an additional 646,390 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). 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).