Short Interest in iShares CMBS ETF (NYSEARCA:CMBS) Increases By 174.8%

iShares CMBS ETF (NYSEARCA:CMBS) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 11,796 shares, an increase of 174.8% from the July 30th total of 4,292 shares. Based on an average trading volume of 45,601 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares CMBS ETF

Several institutional investors have recently bought and sold shares of CMBS. Syon Capital LLC lifted its holdings in iShares CMBS ETF by 8.9% during the fourth quarter. Syon Capital LLC now owns 633,847 shares of the company’s stock worth $31,109,000 after buying an additional 51,917 shares during the period. UBS Group AG raised its position in shares of iShares CMBS ETF by 23.7% in the 4th quarter. UBS Group AG now owns 541,908 shares of the company’s stock worth $26,597,000 after acquiring an additional 103,731 shares in the last quarter. LPL Financial LLC lifted its stake in shares of iShares CMBS ETF by 39.4% during the 4th quarter. LPL Financial LLC now owns 418,164 shares of the company’s stock worth $20,523,000 after purchasing an additional 118,291 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of iShares CMBS ETF by 1.9% during the 3rd quarter. Bank of America Corp DE now owns 303,583 shares of the company’s stock worth $14,897,000 after purchasing an additional 5,785 shares during the last quarter. Finally, Hancock Whitney Corp boosted its position in iShares CMBS ETF by 1.6% during the third quarter. Hancock Whitney Corp now owns 256,960 shares of the company’s stock valued at $12,609,000 after purchasing an additional 3,958 shares in the last quarter.

iShares CMBS ETF Trading Down 0.1%

NYSEARCA CMBS traded down $0.04 during trading on Friday, reaching $48.38. 21,629 shares of the company’s stock traded hands, compared to its average volume of 43,780. The company’s 50 day simple moving average is $48.40 and its two-hundred day simple moving average is $48.71. iShares CMBS ETF has a 12-month low of $47.99 and a 12-month high of $50.09.

About iShares CMBS ETF

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.