Short Interest in iShares GNMA Bond ETF (NASDAQ:GNMA) Declines By 67.7%

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

iShares GNMA Bond ETF Stock Down 0.2%

Shares of NASDAQ GNMA traded down $0.08 during midday trading on Friday, hitting $44.28. 24,540 shares of the company’s stock were exchanged, compared to its average volume of 36,028. The business’s fifty day moving average price is $44.29 and its two-hundred day moving average price is $44.53. iShares GNMA Bond ETF has a 12-month low of $42.97 and a 12-month high of $45.49.

iShares GNMA Bond ETF Dividend Announcement

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

Institutional Investors Weigh In On iShares GNMA Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC purchased a new stake in shares of iShares GNMA Bond ETF in the third quarter worth $25,000. EverSource Wealth Advisors LLC raised its stake in shares of iShares GNMA Bond ETF by 74.9% in the first quarter. EverSource Wealth Advisors LLC now owns 796 shares of the company’s stock worth $35,000 after buying an additional 341 shares during the period. Smartleaf Asset Management LLC raised its stake in iShares GNMA Bond ETF by 373.2% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,183 shares of the company’s stock valued at $53,000 after purchasing an additional 933 shares during the period. Jones Financial Companies Lllp raised its stake in iShares GNMA Bond ETF by 25.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,531 shares of the company’s stock valued at $68,000 after purchasing an additional 312 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its stake in iShares GNMA Bond ETF by 83.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,142 shares of the company’s stock worth $95,000 after acquiring an additional 973 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.