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

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

Institutional Trading of iShares GNMA Bond ETF

A number of institutional investors have recently made changes to their positions in GNMA. Portland Global Advisors LLC boosted its stake in shares of iShares GNMA Bond ETF by 154.9% during the fourth quarter. Portland Global Advisors LLC now owns 364,378 shares of the company’s stock valued at $15,643,000 after purchasing an additional 221,405 shares during the period. Eastern Bank purchased a new stake in shares of iShares GNMA Bond ETF during the third quarter valued at approximately $4,208,000. 5T Wealth LLC purchased a new stake in shares of iShares GNMA Bond ETF during the fourth quarter valued at approximately $2,344,000. Wooster Corthell Wealth Management Inc. boosted its stake in shares of iShares GNMA Bond ETF by 164.2% during the third quarter. Wooster Corthell Wealth Management Inc. now owns 60,972 shares of the company’s stock valued at $2,731,000 after purchasing an additional 37,895 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of iShares GNMA Bond ETF during the fourth quarter valued at approximately $1,574,000.

iShares GNMA Bond ETF Stock Down 0.3 %

Shares of GNMA opened at $42.97 on Thursday. The stock has a 50 day simple moving average of $43.05 and a two-hundred day simple moving average of $43.77. iShares GNMA Bond ETF has a 1 year low of $41.91 and a 1 year high of $45.69.

iShares GNMA Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.1566 dividend. The ex-dividend date of this dividend was Monday, February 3rd. This is a positive change from iShares GNMA Bond ETF’s previous dividend of $0.14.

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.