iShares MBS ETF (NASDAQ:MBB) Sees Large Growth in Short Interest

iShares MBS ETF (NASDAQ:MBB) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,470,000 shares, an increase of 157.9% from the March 15th total of 570,000 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 3,140,400 shares, the days-to-cover ratio is presently 0.5 days.

iShares MBS ETF Price Performance

Shares of MBB traded up $0.04 during trading hours on Tuesday, hitting $92.61. The company’s stock had a trading volume of 2,879,327 shares, compared to its average volume of 2,578,331. The business has a 50 day simple moving average of $93.01 and a two-hundred day simple moving average of $92.81. iShares MBS ETF has a 52-week low of $89.16 and a 52-week high of $96.76.

iShares MBS ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a $0.3309 dividend. This is a positive change from iShares MBS ETF’s previous dividend of $0.32. The ex-dividend date was Tuesday, April 1st.

Institutional Trading of iShares MBS ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in MBB. Tompkins Financial Corp lifted its holdings in shares of iShares MBS ETF by 51.7% in the first quarter. Tompkins Financial Corp now owns 320 shares of the company’s stock worth $30,000 after buying an additional 109 shares in the last quarter. Ignite Planners LLC lifted its stake in iShares MBS ETF by 4.9% in the 4th quarter. Ignite Planners LLC now owns 2,473 shares of the company’s stock worth $226,000 after purchasing an additional 115 shares in the last quarter. Snowden Capital Advisors LLC boosted its holdings in iShares MBS ETF by 0.3% in the 4th quarter. Snowden Capital Advisors LLC now owns 35,537 shares of the company’s stock valued at $3,258,000 after purchasing an additional 115 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of iShares MBS ETF by 18.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 794 shares of the company’s stock valued at $73,000 after purchasing an additional 125 shares in the last quarter. Finally, Fiduciary Trust Co increased its holdings in shares of iShares MBS ETF by 1.4% in the fourth quarter. Fiduciary Trust Co now owns 10,851 shares of the company’s stock worth $995,000 after purchasing an additional 150 shares during the period. 91.70% of the stock is currently owned by institutional investors.

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).