iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Down 16.7% in February

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 1,000 shares, a drop of 16.7% from the January 31st total of 1,200 shares. Based on an average trading volume of 40,400 shares, the short-interest ratio is currently 0.0 days.

iShares GNMA Bond ETF Trading Down 0.4 %

Shares of GNMA traded down $0.17 during mid-day trading on Wednesday, reaching $43.57. The company’s stock had a trading volume of 18,296 shares, compared to its average volume of 44,452. iShares GNMA Bond ETF has a 52 week low of $41.91 and a 52 week high of $45.69. The company’s fifty day moving average price is $43.09 and its two-hundred day moving average price is $43.71.

iShares GNMA Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares GNMA Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kovitz Investment Group Partners LLC bought a new stake in iShares GNMA Bond ETF in the fourth quarter valued at approximately $33,388,000. Portland Global Advisors LLC grew its holdings 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 acquiring an additional 221,405 shares during the last quarter. 5T Wealth LLC bought a new position in shares of iShares GNMA Bond ETF during the fourth quarter valued at about $2,344,000. Raymond James Financial Inc. bought a new stake in shares of iShares GNMA Bond ETF in the fourth quarter worth about $1,574,000. Finally, Farmers & Merchants Investments Inc. increased its stake in shares of iShares GNMA Bond ETF by 18.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 217,347 shares of the company’s stock valued at $9,331,000 after buying an additional 34,012 shares during the period.

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.