iShares GNMA Bond ETF (NASDAQ:GNMA) Sees Large Growth in Short Interest

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,600 shares, a growth of 160.0% from the February 13th total of 1,000 shares. Based on an average daily volume of 42,100 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

iShares GNMA Bond ETF Trading Up 0.1 %

GNMA traded up $0.04 on Thursday, hitting $43.62. 7,493 shares of the stock traded hands, compared to its average volume of 34,590. iShares GNMA Bond ETF has a 52 week low of $41.91 and a 52 week high of $45.69. The business has a fifty day moving average price of $43.18 and a two-hundred day moving average price of $43.68.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1514 per share. The ex-dividend date was Monday, March 3rd.

Institutional Investors Weigh In On iShares GNMA Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in GNMA. Kovitz Investment Group Partners LLC bought a new stake in iShares GNMA Bond ETF during the fourth quarter valued at $33,388,000. Portland Global Advisors LLC raised its position in iShares GNMA Bond ETF by 154.9% in the 4th quarter. Portland Global Advisors LLC now owns 364,378 shares of the company’s stock worth $15,643,000 after purchasing an additional 221,405 shares during the period. 5T Wealth LLC bought a new stake in iShares GNMA Bond ETF in the 4th quarter worth $2,344,000. Raymond James Financial Inc. bought a new stake in iShares GNMA Bond ETF in the 4th quarter worth $1,574,000. Finally, Farmers & Merchants Investments Inc. boosted its stake in shares of iShares GNMA Bond ETF by 18.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 217,347 shares of the company’s stock valued at $9,331,000 after purchasing an additional 34,012 shares in 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.