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

iShares MBS ETF (NASDAQ:MBB) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,561,180 shares, a drop of 76.2% from the September 15th total of 6,572,541 shares. Based on an average trading volume of 11,318,982 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.4% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares MBS ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MBB. Sax Wealth Advisors LLC boosted its stake in shares of iShares MBS ETF by 2,800.6% during the 3rd quarter. Sax Wealth Advisors LLC now owns 109,264 shares of the company’s stock valued at $9,792,000 after buying an additional 105,497 shares during the period. Fermata Advisors LLC acquired a new position in shares of iShares MBS ETF in the third quarter worth $4,017,000. Midwest Financial Network LLC raised its holdings in shares of iShares MBS ETF by 16.0% during the third quarter. Midwest Financial Network LLC now owns 3,943 shares of the company’s stock worth $353,000 after acquiring an additional 545 shares in the last quarter. Balefire LLC raised its holdings in shares of iShares MBS ETF by 37.3% during the third quarter. Balefire LLC now owns 26,435 shares of the company’s stock worth $2,369,000 after acquiring an additional 7,179 shares in the last quarter. Finally, Successful Portfolios LLC raised its holdings in shares of iShares MBS ETF by 4.4% during the third quarter. Successful Portfolios LLC now owns 6,905 shares of the company’s stock worth $615,000 after acquiring an additional 291 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Price Performance

Shares of MBB traded up $0.08 during trading hours on Tuesday, reaching $89.91. The company’s stock had a trading volume of 2,694,989 shares, compared to its average volume of 3,117,203. The company has a 50 day moving average of $91.82 and a two-hundred day moving average of $93.43. iShares MBS ETF has a 1-year low of $88.58 and a 1-year high of $96.96.

iShares MBS ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.3662 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a boost from iShares MBS ETF’s previous monthly dividend of $0.3388. This represents a $4.39 dividend on an annualized basis and a yield of 4.9%.

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).