Short Interest in iShares CMBS ETF (NYSEARCA:CMBS) Drops By 46.4%

iShares CMBS ETF (NYSEARCA:CMBS) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 5,176 shares, a decrease of 46.4% from the June 30th total of 9,663 shares. Based on an average daily volume of 25,115 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of iShares CMBS ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. MidAtlantic Capital Management Inc. acquired a new stake in iShares CMBS ETF during the fourth quarter worth approximately $42,000. Aptus Capital Advisors LLC bought a new position in shares of iShares CMBS ETF during the third quarter worth approximately $49,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of iShares CMBS ETF during the fourth quarter worth approximately $246,000. Wealthcare Advisory Partners LLC lifted its holdings in iShares CMBS ETF by 3.4% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 6,485 shares of the company’s stock worth $315,000 after purchasing an additional 214 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in iShares CMBS ETF by 40.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,091 shares of the company’s stock worth $345,000 after purchasing an additional 2,025 shares during the last quarter.

iShares CMBS ETF Stock Up 0.0%

Shares of NYSEARCA:CMBS traded up $0.01 during trading on Thursday, hitting $48.26. 18,089 shares of the company were exchanged, compared to its average volume of 45,207. iShares CMBS ETF has a fifty-two week low of $48.11 and a fifty-two week high of $50.09. The firm has a fifty day moving average price of $48.48 and a two-hundred day moving average price of $48.84.

About iShares CMBS ETF

The iShares CMBS ETF (CMBS) is an exchange-traded fund that is based on the Bloomberg U.S. CMBS (ERISA Only) index. The fund tracks an index of investment-grade commercial mortgage-backed securities (CMBSs) with an expected life of at least one year. CMBS was launched on Feb 14, 2012 and is managed by BlackRock.