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

iShares MBS ETF (NASDAQ:MBB) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 3,314,215 shares, a growth of 69.6% from the August 15th total of 1,954,158 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 3,758,222 shares, the days-to-cover ratio is currently 0.9 days.

iShares MBS ETF Stock Performance

NASDAQ MBB traded down $0.02 during mid-day trading on Wednesday, hitting $91.22. The stock had a trading volume of 2,135,830 shares, compared to its average volume of 2,505,354. iShares MBS ETF has a 52-week low of $91.02 and a 52-week high of $96.96. The company has a 50 day simple moving average of $93.02 and a 200 day simple moving average of $94.10.

iShares MBS ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.3388 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.5%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MBB. LPL Financial LLC increased its holdings in iShares MBS ETF by 4.1% during the 4th quarter. LPL Financial LLC now owns 27,903,169 shares of the company’s stock valued at $2,656,940,000 after acquiring an additional 1,104,895 shares in the last quarter. TIAA Trust National Association lifted its holdings in shares of iShares MBS ETF by 2.5% in the fourth quarter. TIAA Trust National Association now owns 26,010,786 shares of the company’s stock valued at $2,479,899,000 after purchasing an additional 646,390 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of iShares MBS ETF by 3.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,106,470 shares of the company’s stock valued at $294,959,000 after purchasing an additional 106,144 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of iShares MBS ETF by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 2,314,725 shares of the company’s stock valued at $219,783,000 after purchasing an additional 201,354 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of iShares MBS ETF by 5.2% during the 1st quarter. Sei Investments Co. now owns 2,194,447 shares of the company’s stock worth $208,335,000 after purchasing an additional 108,361 shares in the last quarter. Institutional investors and hedge funds own 91.70% of the company’s stock.

iShares MBS ETF Company Profile

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).