iShares MBS ETF (NASDAQ:MBB) Stock Short Interest Report for October

iShares MBS ETF (NASDAQ:MBB) was the target of a large growth in short interest in October. As of October 30th, there was short interest totaling 12,427,739 shares, a growth of 412.0% from the October 15th total of 2,427,184 shares. Approximately 3.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,795,726 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Trading of iShares MBS ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its holdings in shares of iShares MBS ETF by 6.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 30,910,875 shares of the company’s stock worth $2,921,648,000 after purchasing an additional 2,006,656 shares in the last quarter. Ferguson Wellman Capital Management Inc. purchased a new position in shares of iShares MBS ETF during the 3rd quarter valued at about $153,345,000. Asset Management One Co. Ltd. bought a new stake in iShares MBS ETF in the 3rd quarter worth approximately $111,873,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in iShares MBS ETF in the 3rd quarter worth approximately $75,219,000. Finally, Nottingham Advisors Inc. purchased a new stake in iShares MBS ETF in the third quarter worth approximately $70,427,000. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.0%

Shares of MBB traded down $0.01 during midday trading on Friday, hitting $90.44. 1,180,162 shares of the company traded hands, compared to its average volume of 3,379,955. iShares MBS ETF has a one year low of $88.58 and a one year high of $96.96. The stock has a 50-day moving average of $90.91 and a 200-day moving average of $93.61.

iShares MBS ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were given a $0.3471 dividend. This represents a $4.17 annualized dividend and a dividend yield of 4.6%. This is a negative change from iShares MBS ETF’s previous monthly dividend of $0.3662. The ex-dividend date was Monday, November 2nd.

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).