iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Up 844.6% in March

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 30,030 shares, a growth of 844.6% from the February 26th total of 3,179 shares. Based on an average daily trading volume, of 37,522 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 37,522 shares, the days-to-cover ratio is currently 0.8 days.

iShares GNMA Bond ETF Price Performance

iShares GNMA Bond ETF stock opened at $44.08 on Wednesday. iShares GNMA Bond ETF has a 1 year low of $42.55 and a 1 year high of $45.49. The firm has a 50-day moving average of $44.73 and a two-hundred day moving average of $44.62.

iShares GNMA Bond ETF Cuts Dividend

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

Institutional Trading of iShares GNMA Bond ETF

A number of large investors have recently modified their holdings of GNMA. Focus Partners Wealth boosted its position 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 acquiring an additional 807,417 shares in the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of iShares GNMA Bond ETF by 1.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 808,423 shares of the company’s stock worth $35,854,000 after acquiring an additional 13,220 shares in the last quarter. Northland Capital Management LLC raised its position in shares of iShares GNMA Bond ETF by 1.0% in the 4th quarter. Northland Capital Management LLC now owns 678,983 shares of the company’s stock worth $30,242,000 after acquiring an additional 6,804 shares in the last quarter. LPL Financial LLC lifted its stake in shares of iShares GNMA Bond ETF by 98.1% during the 4th quarter. LPL Financial LLC now owns 391,218 shares of the company’s stock worth $17,425,000 after purchasing an additional 193,767 shares during the last quarter. Finally, Portland Global Advisors LLC boosted its position in iShares GNMA Bond ETF by 3.1% during the fourth quarter. Portland Global Advisors LLC now owns 380,968 shares of the company’s stock valued at $16,968,000 after purchasing an additional 11,556 shares in 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.