iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Down 33.0% in February

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 3,179 shares, a decline of 33.0% from the February 12th total of 4,748 shares. Based on an average daily trading volume, of 26,693 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 26,693 shares, the days-to-cover ratio is currently 0.1 days.

iShares GNMA Bond ETF Stock Performance

NASDAQ:GNMA traded down $0.09 during midday trading on Friday, reaching $44.35. The stock had a trading volume of 132,660 shares, compared to its average volume of 36,826. iShares GNMA Bond ETF has a 1-year low of $42.55 and a 1-year high of $45.49. The firm’s fifty day simple moving average is $44.77 and its 200-day simple moving average is $44.60.

iShares GNMA Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.152 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On iShares GNMA Bond ETF

Institutional investors have recently made changes to their positions in the business. Focus Partners Wealth boosted its stake in iShares GNMA Bond ETF by 3,914.7% during the 4th quarter. Focus Partners Wealth now owns 828,042 shares of the company’s stock valued at $36,881,000 after purchasing an additional 807,417 shares during the period. LPL Financial LLC grew its holdings in iShares GNMA Bond ETF by 98.1% in the 4th quarter. LPL Financial LLC now owns 391,218 shares of the company’s stock valued at $17,425,000 after buying an additional 193,767 shares during the last quarter. Avise Financial Cooperative Inc. bought a new position in iShares GNMA Bond ETF in the 4th quarter worth approximately $3,862,000. Procyon Advisors LLC acquired a new position in shares of iShares GNMA Bond ETF during the third quarter worth approximately $2,259,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of iShares GNMA Bond ETF by 66.4% during the second quarter. Envestnet Asset Management Inc. now owns 88,073 shares of the company’s stock worth $3,871,000 after buying an additional 35,158 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.