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 in 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 days-to-cover ratio is presently 0.0 days.

iShares GNMA Bond ETF Price Performance

NASDAQ GNMA opened at $43.67 on Friday. The firm has a 50-day moving average price of $43.10 and a two-hundred day moving average price of $43.71. iShares GNMA Bond ETF has a 12-month low of $41.91 and a 12-month high of $45.69.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.1514 dividend. The ex-dividend date was Monday, March 3rd.

Institutional Investors Weigh In On iShares GNMA Bond ETF

A number of large investors have recently added to or reduced their stakes in GNMA. Park Avenue Securities LLC raised its holdings in iShares GNMA Bond ETF by 17.9% in the 4th quarter. Park Avenue Securities LLC now owns 36,320 shares of the company’s stock valued at $1,559,000 after acquiring an additional 5,502 shares in the last quarter. 5T Wealth LLC acquired a new position in iShares GNMA Bond ETF in the fourth quarter valued at about $2,344,000. WBH Advisory Inc. raised its stake in iShares GNMA Bond ETF by 96.3% in the fourth quarter. WBH Advisory Inc. now owns 18,129 shares of the company’s stock valued at $778,000 after purchasing an additional 8,892 shares in the last quarter. Merit Financial Group LLC bought a new stake in iShares GNMA Bond ETF during the fourth quarter worth about $725,000. Finally, Prosperity Planning Inc. grew its stake in iShares GNMA Bond ETF by 6.6% during the fourth quarter. Prosperity Planning Inc. now owns 240,650 shares of the company’s stock worth $10,331,000 after buying an additional 15,002 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.