iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Down 67.7% in May

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 4,466 shares, a drop of 67.7% from the April 30th total of 13,841 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 30,009 shares, the days-to-cover ratio is presently 0.1 days.

iShares GNMA Bond ETF Stock Performance

Shares of NASDAQ:GNMA opened at $44.28 on Monday. The business has a fifty day moving average price of $44.29 and a 200-day moving average price of $44.53. iShares GNMA Bond ETF has a 1-year low of $42.97 and a 1-year high of $45.49.

iShares GNMA Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a dividend of $0.1554 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, May 1st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Focus Partners Wealth grew its position in iShares GNMA Bond ETF by 3,914.7% in the 4th quarter. Focus Partners Wealth now owns 828,042 shares of the company’s stock worth $36,881,000 after purchasing an additional 807,417 shares during the period. LPL Financial LLC lifted its stake in shares of iShares GNMA Bond ETF by 98.1% in the 4th quarter. LPL Financial LLC now owns 391,218 shares of the company’s stock worth $17,425,000 after purchasing an additional 193,767 shares during the period. Avise Financial Cooperative Inc. purchased a new position in shares of iShares GNMA Bond ETF in the fourth quarter worth approximately $3,862,000. Bank of America Corp DE grew its position in iShares GNMA Bond ETF by 152.1% during the first quarter. Bank of America Corp DE now owns 99,069 shares of the company’s stock valued at $4,392,000 after buying an additional 59,773 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its holdings in iShares GNMA Bond ETF by 12.4% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 299,939 shares of the company’s stock valued at $13,359,000 after buying an additional 33,004 shares during the last quarter.

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.