iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Update
by Kim Johansen · The Markets DailyiShares GNMA Bond ETF (NASDAQ:GNMA – Get Free Report) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 2,860 shares, a drop of 90.5% from the March 15th total of 30,030 shares. Based on an average daily volume of 22,998 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in GNMA. Betterment LLC grew its position in shares of iShares GNMA Bond ETF by 8.7% in the 2nd quarter. Betterment LLC now owns 7,687 shares of the company’s stock worth $338,000 after acquiring an additional 615 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of iShares GNMA Bond ETF by 56.3% during the 2nd quarter. Raymond James Financial Inc. now owns 60,995 shares of the company’s stock worth $2,681,000 after purchasing an additional 21,977 shares during the period. Great Valley Advisor Group Inc. raised its position in shares of iShares GNMA Bond ETF by 79.9% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 40,414 shares of the company’s stock worth $1,776,000 after purchasing an additional 17,953 shares during the period. Chapman Financial Group LLC acquired a new position in iShares GNMA Bond ETF during the 2nd quarter valued at approximately $1,129,000. Finally, Prosperity Planning Inc. grew its stake in iShares GNMA Bond ETF by 6.3% during the 3rd quarter. Prosperity Planning Inc. now owns 267,109 shares of the company’s stock worth $11,846,000 after buying an additional 15,849 shares during the last quarter.
iShares GNMA Bond ETF Price Performance
NASDAQ GNMA traded up $0.10 during mid-day trading on Friday, reaching $44.53. 8,344 shares of the company’s stock traded hands, compared to its average volume of 34,162. The company has a fifty day simple moving average of $44.63 and a 200-day simple moving average of $44.59. iShares GNMA Bond ETF has a 1-year low of $42.55 and a 1-year high of $45.49.
iShares GNMA Bond ETF Cuts Dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were given a $0.1516 dividend. The ex-dividend date was Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 4.1%.
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.