Short Interest in iShares GNMA Bond ETF (NASDAQ:GNMA) Decreases By 16.7%

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,000 shares, a decrease of 16.7% from the January 31st total of 1,200 shares. Based on an average daily volume of 40,400 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of iShares GNMA Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. South Plains Financial Inc. bought a new stake in shares of iShares GNMA Bond ETF during the 4th quarter worth approximately $30,000. Mather Group LLC. bought a new stake in iShares GNMA Bond ETF during the fourth quarter worth $37,000. GeoWealth Management LLC lifted its stake in iShares GNMA Bond ETF by 321.3% in the fourth quarter. GeoWealth Management LLC now owns 1,702 shares of the company’s stock valued at $73,000 after acquiring an additional 1,298 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of iShares GNMA Bond ETF in the 4th quarter valued at about $230,000. Finally, Foster & Motley Inc. acquired a new position in shares of iShares GNMA Bond ETF during the 4th quarter worth about $234,000.

iShares GNMA Bond ETF Stock Down 0.4 %

GNMA stock traded down $0.17 during midday trading on Wednesday, hitting $43.57. The company’s stock had a trading volume of 18,296 shares, compared to its average volume of 44,452. The company’s fifty day moving average price is $43.09 and its 200 day moving average price is $43.71. iShares GNMA Bond ETF has a twelve month low of $41.91 and a twelve month high of $45.69.

iShares GNMA Bond ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be given a $0.1514 dividend. The ex-dividend date of this dividend is Monday, March 3rd.

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.