iShares MBS ETF (NASDAQ:MBB) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 3,280,000 shares, an increase of 87.4% from the September 15th total of 1,750,000 shares. Based on an average daily trading volume, of 1,420,200 shares, the days-to-cover ratio is currently 2.3 days.
MBB opened at $110.23 on Friday. The stock has a 50-day moving average price of $110.38 and a 200-day moving average price of $110.62. iShares MBS ETF has a 12-month low of $104.79 and a 12-month high of $111.31.
Institutional investors and hedge funds have recently bought and sold shares of the company. Beese Fulmer Investment Management Inc. purchased a new position in shares of iShares MBS ETF in the 2nd quarter worth about $33,000. Tompkins Financial Corp purchased a new position in shares of iShares MBS ETF in the 2nd quarter worth about $43,000. HCR Wealth Advisors lifted its stake in shares of iShares MBS ETF by 31.5% in the 2nd quarter. HCR Wealth Advisors now owns 559 shares of the company’s stock valued at $62,000 after acquiring an additional 134 shares during the last quarter. Carroll Financial Associates Inc. lifted its stake in shares of iShares MBS ETF by 67.4% in the 3rd quarter. Carroll Financial Associates Inc. now owns 683 shares of the company’s stock valued at $75,000 after acquiring an additional 275 shares during the last quarter. Finally, Leelyn Smith LLC lifted its stake in shares of iShares MBS ETF by 58.2% in the 2nd quarter. Leelyn Smith LLC now owns 739 shares of the company’s stock valued at $82,000 after acquiring an additional 272 shares during the last quarter.
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).
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