iShares CMBS ETF (NYSEARCA:CMBS) Sees Large Drop in Short Interest

iShares CMBS ETF (NYSEARCA:CMBS) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 46,568 shares, a drop of 52.0% from the December 31st total of 97,095 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 81,384 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 81,384 shares, the short-interest ratio is presently 0.6 days. Currently, 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares CMBS ETF

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC grew its position in shares of iShares CMBS ETF by 19.2% in the 1st quarter. Jane Street Group LLC now owns 35,391 shares of the company’s stock worth $1,699,000 after buying an additional 5,692 shares during the period. Truist Financial Corp bought a new stake in iShares CMBS ETF during the second quarter worth about $230,000. Columbus Macro LLC boosted its stake in iShares CMBS ETF by 25.8% during the second quarter. Columbus Macro LLC now owns 23,432 shares of the company’s stock worth $1,142,000 after acquiring an additional 4,801 shares in the last quarter. Systelligence LLC grew its holdings in iShares CMBS ETF by 34.7% in the second quarter. Systelligence LLC now owns 165,931 shares of the company’s stock worth $8,084,000 after purchasing an additional 42,727 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in shares of iShares CMBS ETF by 4.8% during the second quarter. Cullen Frost Bankers Inc. now owns 6,278 shares of the company’s stock valued at $306,000 after purchasing an additional 288 shares in the last quarter.

iShares CMBS ETF Price Performance

iShares CMBS ETF stock traded up $0.19 during midday trading on Friday, hitting $49.31. The company’s stock had a trading volume of 34,142 shares, compared to its average volume of 69,517. The company has a 50-day moving average price of $49.16 and a two-hundred day moving average price of $49.01. iShares CMBS ETF has a 1-year low of $47.26 and a 1-year high of $50.09.

iShares CMBS ETF Company Profile

The iShares CMBS ETF (CMBS) is an exchange-traded fund that is based on the Bloomberg U.S. CMBS (ERISA Only) index. The fund tracks an index of investment-grade commercial mortgage-backed securities (CMBSs) with an expected life of at least one year. CMBS was launched on Feb 14, 2012 and is managed by BlackRock.