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

iShares GNMA Bond ETF (NASDAQ:GNMA) was the recipient of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 4,466 shares, a drop of 67.7% from the April 30th total of 13,841 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 30,009 shares, the short-interest ratio is presently 0.1 days.

iShares GNMA Bond ETF Stock Down 0.2%

GNMA traded down $0.08 during midday trading on Friday, reaching $44.28. 24,540 shares of the company’s stock were exchanged, compared to its average volume of 36,028. iShares GNMA Bond ETF has a one year low of $42.97 and a one year high of $45.49. The business has a 50-day simple moving average of $44.29 and a two-hundred day simple moving average of $44.53.

iShares GNMA Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a dividend of $0.1554 per share. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.2%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in iShares GNMA Bond ETF by 152.1% during the first quarter. Bank of America Corp DE now owns 99,069 shares of the company’s stock worth $4,392,000 after purchasing an additional 59,773 shares during the period. EverSource Wealth Advisors LLC lifted its stake in iShares GNMA Bond ETF by 74.9% during the first quarter. EverSource Wealth Advisors LLC now owns 796 shares of the company’s stock worth $35,000 after purchasing an additional 341 shares during the period. Royal Bank of Canada lifted its stake in iShares GNMA Bond ETF by 55.1% during the first quarter. Royal Bank of Canada now owns 5,495 shares of the company’s stock worth $244,000 after purchasing an additional 1,952 shares during the period. Sanctuary Advisors LLC raised its stake in shares of iShares GNMA Bond ETF by 11.0% in the first quarter. Sanctuary Advisors LLC now owns 134,515 shares of the company’s stock valued at $5,963,000 after acquiring an additional 13,350 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in shares of iShares GNMA Bond ETF by 9.4% in the first quarter. Kestra Advisory Services LLC now owns 8,931 shares of the company’s stock valued at $396,000 after acquiring an additional 770 shares during the last quarter.

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.