Short Interest in iShares GNMA Bond ETF (NASDAQ:GNMA) Decreases By 87.0%

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 4,748 shares, a drop of 87.0% from the January 29th total of 36,576 shares. Based on an average daily volume of 28,797 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 28,797 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On iShares GNMA Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC bought a new position in iShares GNMA Bond ETF in the 3rd quarter worth about $25,000. Twin Peaks Wealth Advisors LLC purchased a new position in iShares GNMA Bond ETF in the second quarter worth about $43,000. Smartleaf Asset Management LLC lifted its stake in shares of iShares GNMA Bond ETF by 373.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,183 shares of the company’s stock worth $53,000 after buying an additional 933 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of iShares GNMA Bond ETF by 25.6% in the third quarter. Jones Financial Companies Lllp now owns 1,531 shares of the company’s stock worth $68,000 after buying an additional 312 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in shares of iShares GNMA Bond ETF by 83.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,142 shares of the company’s stock valued at $95,000 after buying an additional 973 shares during the last quarter.

iShares GNMA Bond ETF Stock Performance

Shares of GNMA traded down $0.04 during mid-day trading on Wednesday, reaching $45.11. The company had a trading volume of 18,019 shares, compared to its average volume of 37,963. The firm has a 50-day moving average price of $44.69 and a 200 day moving average price of $44.52. iShares GNMA Bond ETF has a 52 week low of $42.55 and a 52 week high of $45.49.

iShares GNMA Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.157 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, February 2nd.

About iShares GNMA Bond ETF

The iShares GNMA Bond ETF (GNMA) is an exchange-traded fund that is based on the Bloomberg U.S. GNMA Bond index. The fund tracks a market-value-weighted index of US mortgage pass-through securities issued by Government National Mortgage Association (GNMA), with 30- or 15-year maturities. GNMA was launched on Feb 14, 2012 and is managed by BlackRock.