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Merchants Bancorp MBIN

US equityMarket cap rank #2687
$49.72 −$0.23 (-0.46%)
Pre-market · Oct 6, 4:20 am ET · After hours $49.72 0.00%
Open$49.69
Prev close$49.95
Day range$48.49 – $50.10
Volume307.1K
Market cap$2.28B
P/E (TTM)10.0
Dividend yield0.84%

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Institutional ownership98.7%-0.01 pts vs. prior quarter
Institutions holding227+0 vs. prior quarter
Insider trades (recent)19 buys / 29 sellsNet selling
Short interest5.55% of floatDays to cover 12.2 · as of 15 Sep 2026
Short-sale volume share28.2%5-day average of daily volume

Short-sale volume as % of daily volume

19%25%32%39%Sep '26Sep '26Oct '26

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: −$824.6K (7 inflow days, 13 outflow days).

The five largest holders on file together own 104.5% of shares outstanding.

Largest holders

  • Elser Financial Planning, Inc.58.36%
  • Michael Petrie27.23%
  • BlackRock8.94%
  • Randall Rogers5.99%
  • Dimensional Fund Advisors3.98%
  • Vanguard Capital Management, LLC2.63%
  • State Street Global Advisors2.32%
  • Macquarie Investment Management Business Trust2.27%

By investor type

  • Family Office/Trust58.39%
  • Individual/Insider44.76%
  • Mutual Fund34.24%
  • Hedge Fund2.72%
  • Public Company1.74%
  • Government Pension Fund0.74%
  • VC/PE Fund0.62%
  • Private Company0.20%

Reported short interest has risen from 3.45% to 5.55% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).

Short interest, by report

Report dateShares short% of floatDays to cover
15 Sep 2026 2,550,093 5.6% 12.2
31 Aug 2026 1,817,122 4.0% 13.9
14 Aug 2026 1,684,617 3.7% 11.0
31 Jul 2026 1,650,210 3.6% 8.4
15 Jul 2026 1,566,266 3.4% 11.9
30 Jun 2026 1,585,953 3.5% 5.8

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