iShares MBS ETF (NASDAQ:MBB) Short Interest Down 32.2% in December

by · The Markets Daily

iShares MBS ETF (NASDAQ:MBB – Get Free Report) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 1,790,000 shares, a drop of 32.2% from the December 15th total of 2,640,000 shares. Based on an average daily volume of 2,838,100 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of iShares MBS ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of iShares MBS ETF by 18.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,664,743 shares of the company’s stock worth $3,321,229,000 after acquiring an additional 5,521,374 shares during the last quarter. LPL Financial LLC lifted its stake in iShares MBS ETF by 6.3% in the third quarter. LPL Financial LLC now owns 19,189,697 shares of the company’s stock worth $1,838,565,000 after purchasing an additional 1,138,182 shares during the last quarter. Fisher Asset Management LLC lifted its stake in iShares MBS ETF by 8.3% in the third quarter. Fisher Asset Management LLC now owns 18,265,598 shares of the company’s stock worth $1,750,027,000 after purchasing an additional 1,404,263 shares during the last quarter. Stifel Financial Corp boosted its position in iShares MBS ETF by 0.8% during the third quarter. Stifel Financial Corp now owns 3,550,412 shares of the company’s stock valued at $340,165,000 after buying an additional 27,441 shares during the period. Finally, Allworth Financial LP grew its stake in shares of iShares MBS ETF by 2.4% during the third quarter. Allworth Financial LP now owns 3,069,901 shares of the company’s stock valued at $294,127,000 after buying an additional 71,046 shares during the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Trading Down 0.1 %

MBB stock traded down $0.07 during mid-day trading on Friday, hitting $91.59. 1,989,645 shares of the stock were exchanged, compared to its average volume of 2,518,331. The business has a fifty day moving average price of $92.29 and a 200 day moving average price of $93.58. iShares MBS ETF has a 12 month low of $89.16 and a 12 month high of $96.76.

iShares MBS ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.2944 dividend. The ex-dividend date was Wednesday, December 18th.

About iShares MBS ETF

(Get Free Report)

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).

Recommended Stories