iShares MBS ETF (NASDAQ:MBB) Short Interest Update

iShares MBS ETF (NASDAQ:MBB) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 1,320,000 shares, a decrease of 59.9% from the February 29th total of 3,290,000 shares. Based on an average daily volume of 2,621,100 shares, the short-interest ratio is currently 0.5 days.

iShares MBS ETF Stock Down 0.3 %

MBB stock traded down $0.26 on Thursday, hitting $92.42. 1,714,499 shares of the company’s stock were exchanged, compared to its average volume of 2,652,243. The firm has a 50 day moving average price of $92.29 and a two-hundred day moving average price of $91.00. iShares MBS ETF has a 12-month low of $85.28 and a 12-month high of $96.07.

iShares MBS ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 7th. Stockholders of record on Monday, March 4th were issued a dividend of $0.2921 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $3.50 annualized dividend and a dividend yield of 3.79%.

Hedge Funds Weigh In On iShares MBS ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in iShares MBS ETF by 3.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 386,404 shares of the company’s stock worth $36,353,000 after acquiring an additional 13,653 shares during the last quarter. Hart & Patterson Financial Group LLC acquired a new position in shares of iShares MBS ETF in the fourth quarter valued at about $3,446,000. Fisher Asset Management LLC raised its stake in shares of iShares MBS ETF by 3.0% in the fourth quarter. Fisher Asset Management LLC now owns 444,210 shares of the company’s stock worth $41,791,000 after purchasing an additional 12,747 shares during the last quarter. True Vision MN LLC acquired a new stake in shares of iShares MBS ETF during the fourth quarter worth about $3,409,000. Finally, Richardson Financial Services Inc. purchased a new stake in iShares MBS ETF in the fourth quarter valued at approximately $145,000. 91.70% of the stock is owned by hedge funds and other 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).