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

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 1,200 shares, a decline of 97.5% from the January 15th total of 47,400 shares. Based on an average daily volume of 43,800 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. DMC Group LLC grew its holdings in shares of iShares GNMA Bond ETF by 0.8% during the third quarter. DMC Group LLC now owns 34,749 shares of the company’s stock worth $1,556,000 after purchasing an additional 263 shares in the last quarter. LifePlan Financial LLC boosted its stake in iShares GNMA Bond ETF by 1.0% in the fourth quarter. LifePlan Financial LLC now owns 45,990 shares of the company’s stock worth $1,974,000 after buying an additional 456 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in iShares GNMA Bond ETF by 12.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,962 shares of the company’s stock worth $256,000 after buying an additional 641 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in iShares GNMA Bond ETF by 10.5% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 6,982 shares of the company’s stock worth $300,000 after buying an additional 666 shares in the last quarter. Finally, Beacon Financial Group boosted its stake in iShares GNMA Bond ETF by 7.5% in the fourth quarter. Beacon Financial Group now owns 10,054 shares of the company’s stock worth $432,000 after buying an additional 701 shares in the last quarter.

iShares GNMA Bond ETF Price Performance

Shares of NASDAQ GNMA opened at $42.97 on Thursday. iShares GNMA Bond ETF has a 12 month low of $41.91 and a 12 month high of $45.69. The business has a 50-day moving average of $43.05 and a 200-day moving average of $43.77.

iShares GNMA Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a dividend of $0.1566 per share. This is a positive change from iShares GNMA Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, February 3rd.

iShares GNMA Bond ETF Company Profile

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.