iShares CMBS ETF (NYSEARCA:CMBS) Sees Significant Increase in Short Interest

iShares CMBS ETF (NYSEARCA:CMBS) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 24,431 shares, a growth of 472.3% from the September 30th total of 4,269 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 69,401 shares, the days-to-cover ratio is presently 0.4 days.

iShares CMBS ETF Stock Down 0.0%

Shares of NYSEARCA:CMBS opened at $47.67 on Tuesday. The business’s 50 day moving average is $47.76 and its 200 day moving average is $48.55. iShares CMBS ETF has a 12-month low of $47.09 and a 12-month high of $49.89.

Institutional Trading of iShares CMBS ETF

Hedge funds have recently made changes to their positions in the stock. Arvest Investments Inc. bought a new position in shares of iShares CMBS ETF during the 3rd quarter valued at $24,744,000. Central Bank & Trust Co. purchased a new position in iShares CMBS ETF in the 3rd quarter worth approximately $9,201,000. Hidden Cove Wealth Management LLC purchased a new position in iShares CMBS ETF during the 3rd quarter valued at approximately $2,613,000. Cetera Investment Advisers grew its position in iShares CMBS ETF by 15.5% in the first quarter. Cetera Investment Advisers now owns 153,411 shares of the company’s stock worth $7,476,000 after acquiring an additional 20,631 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in iShares CMBS ETF in the first quarter worth $610,000.

iShares CMBS ETF Company Profile

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.