iShares MBS ETF (NASDAQ:MBB) Short Interest Down 56.0% in October

iShares MBS ETF (NASDAQ:MBB) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,170,000 shares, a drop of 56.0% from the October 15th total of 2,660,000 shares. Based on an average daily trading volume, of 2,352,100 shares, the short-interest ratio is currently 0.5 days.

iShares MBS ETF Stock Up 0.1 %

Shares of NASDAQ MBB traded up $0.08 during mid-day trading on Wednesday, hitting $92.39. The company had a trading volume of 3,336,209 shares, compared to its average volume of 2,334,917. The business’s 50-day simple moving average is $94.61 and its 200-day simple moving average is $93.33. iShares MBS ETF has a 12 month low of $89.11 and a 12 month high of $96.76.

iShares MBS ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a $0.3099 dividend. The ex-dividend date was Friday, November 1st.

Institutional Investors Weigh In On iShares MBS ETF

Hedge funds have recently made changes to their positions in the stock. St. Johns Investment Management Company LLC bought a new position in iShares MBS ETF during the third quarter worth about $30,000. Chris Bulman Inc bought a new position in iShares MBS ETF during the second quarter worth about $31,000. Rothschild Investment LLC bought a new position in iShares MBS ETF during the second quarter worth about $33,000. Godsey & Gibb Inc. bought a new position in shares of iShares MBS ETF in the third quarter valued at approximately $33,000. Finally, MeadowBrook Investment Advisors LLC raised its stake in shares of iShares MBS ETF by 413.5% in the third quarter. MeadowBrook Investment Advisors LLC now owns 380 shares of the company’s stock valued at $36,000 after acquiring an additional 306 shares during the last quarter. Institutional investors own 91.70% of the company’s stock.

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).