iShares MBS ETF (NASDAQ:MBB) Short Interest Update

iShares MBS ETF (NASDAQ:MBB) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 6,240,000 shares, a growth of 193.0% from the May 15th total of 2,130,000 shares. Based on an average daily volume of 3,561,800 shares, the short-interest ratio is presently 1.8 days. Currently, 1.6% of the company’s shares are short sold.

iShares MBS ETF Stock Up 0.4%

Shares of iShares MBS ETF stock opened at $93.00 on Friday. The stock’s fifty day moving average is $92.42 and its 200-day moving average is $92.52. iShares MBS ETF has a 12-month low of $90.28 and a 12-month high of $96.76.

iShares MBS ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.3251 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $3.90 dividend on an annualized basis and a dividend yield of 4.20%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its holdings in shares of iShares MBS ETF by 2.5% during the fourth quarter. Bank of America Corp DE now owns 75,986,265 shares of the company’s stock valued at $6,966,421,000 after buying an additional 1,826,521 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares MBS ETF by 49.2% during the fourth quarter. JPMorgan Chase & Co. now owns 51,720,881 shares of the company’s stock valued at $4,741,789,000 after buying an additional 17,056,138 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of iShares MBS ETF by 4.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 28,770,337 shares of the company’s stock valued at $2,637,664,000 after buying an additional 1,336,608 shares in the last quarter. LPL Financial LLC grew its holdings in shares of iShares MBS ETF by 11.0% during the first quarter. LPL Financial LLC now owns 24,262,602 shares of the company’s stock valued at $2,275,347,000 after buying an additional 2,404,586 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of iShares MBS ETF by 7.9% during the fourth quarter. Fisher Asset Management LLC now owns 19,701,940 shares of the company’s stock valued at $1,806,274,000 after buying an additional 1,436,342 shares in the last quarter. Hedge funds and other institutional investors own 91.70% of the company’s stock.

iShares MBS ETF Company Profile

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).