Short Interest in iShares GNMA Bond ETF (NASDAQ:GNMA) Rises By 138.6%

iShares GNMA Bond ETF (NASDAQ:GNMA) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 13,841 shares, an increase of 138.6% from the April 15th total of 5,800 shares. Based on an average daily volume of 20,792 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the stock are sold short.

iShares GNMA Bond ETF Trading Down 0.6%

Shares of GNMA traded down $0.25 during mid-day trading on Friday, reaching $43.83. The stock had a trading volume of 33,958 shares, compared to its average volume of 31,759. iShares GNMA Bond ETF has a 52-week low of $42.72 and a 52-week high of $45.49. The business’s fifty day moving average is $44.41 and its 200 day moving average is $44.57.

iShares GNMA Bond ETF Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Hedge Funds Weigh In On iShares GNMA Bond ETF

A number of institutional investors have recently bought and sold shares of the company. Focus Partners Wealth raised its stake in iShares GNMA Bond ETF by 3,914.7% during the fourth 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. Kovitz Investment Group Partners LLC increased its stake in iShares GNMA Bond ETF by 1.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 808,423 shares of the company’s stock worth $35,854,000 after acquiring an additional 13,220 shares during the last quarter. Northland Capital Management LLC increased its stake in iShares GNMA Bond ETF by 1.0% during the fourth quarter. Northland Capital Management LLC now owns 678,983 shares of the company’s stock worth $30,242,000 after acquiring an additional 6,804 shares during the last quarter. LPL Financial LLC increased its stake in iShares GNMA Bond ETF by 98.1% during the fourth quarter. LPL Financial LLC now owns 391,218 shares of the company’s stock worth $17,425,000 after acquiring an additional 193,767 shares during the last quarter. Finally, Portland Global Advisors LLC increased its stake in iShares GNMA Bond ETF by 3.1% during the fourth quarter. Portland Global Advisors LLC now owns 380,968 shares of the company’s stock worth $16,968,000 after acquiring an additional 11,556 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.