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

iShares GNMA Bond ETF (NASDAQ:GNMAGet Free Report) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 2,600 shares, an increase of 160.0% from the February 13th total of 1,000 shares. Based on an average trading volume of 42,100 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares GNMA Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. South Plains Financial Inc. bought a new stake in iShares GNMA Bond ETF during the 4th quarter valued at $30,000. Mather Group LLC. bought a new position in shares of iShares GNMA Bond ETF during the fourth quarter valued at approximately $37,000. GeoWealth Management LLC increased its stake in shares of iShares GNMA Bond ETF by 321.3% during the fourth quarter. GeoWealth Management LLC now owns 1,702 shares of the company’s stock valued at $73,000 after purchasing an additional 1,298 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of iShares GNMA Bond ETF during the fourth quarter valued at approximately $230,000. Finally, Foster & Motley Inc. purchased a new position in shares of iShares GNMA Bond ETF during the 4th quarter worth $234,000.

iShares GNMA Bond ETF Stock Performance

Shares of GNMA stock traded up $0.04 during mid-day trading on Thursday, hitting $43.62. The company’s stock had a trading volume of 7,493 shares, compared to its average volume of 34,590. 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 simple moving average is $43.18 and its 200-day simple moving average is $43.68.

iShares GNMA Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1514 per share. The ex-dividend date of this dividend was Monday, March 3rd.

About iShares GNMA Bond ETF

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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.

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