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

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 10,700 shares, a growth of 10,600.0% from the March 31st total of 100 shares. Based on an average daily volume of 69,200 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares GNMA Bond ETF

Several institutional investors have recently made changes to their positions in GNMA. Cypress Wealth Services LLC grew its holdings in iShares GNMA Bond ETF by 1.4% in the 1st quarter. Cypress Wealth Services LLC now owns 18,453 shares of the company’s stock worth $801,000 after buying an additional 256 shares in the last quarter. Dentgroup LLC grew its holdings in iShares GNMA Bond ETF by 5.0% in the 1st quarter. Dentgroup LLC now owns 6,655 shares of the company’s stock worth $289,000 after buying an additional 315 shares in the last quarter. Investors Research Corp grew its holdings in iShares GNMA Bond ETF by 8.0% in the 3rd quarter. Investors Research Corp now owns 4,698 shares of the company’s stock worth $196,000 after buying an additional 346 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its holdings in iShares GNMA Bond ETF by 7.0% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 5,287 shares of the company’s stock worth $234,000 after buying an additional 347 shares in the last quarter. Finally, Hoxton Planning & Management LLC grew its holdings in iShares GNMA Bond ETF by 4.0% in the 1st quarter. Hoxton Planning & Management LLC now owns 9,800 shares of the company’s stock worth $425,000 after buying an additional 376 shares in the last quarter.

iShares GNMA Bond ETF Stock Up 0.3 %

NASDAQ:GNMA opened at $42.24 on Friday. The stock has a 50 day moving average of $42.96 and a 200-day moving average of $42.88. iShares GNMA Bond ETF has a 52 week low of $40.33 and a 52 week high of $44.89.

iShares GNMA Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.1628 per share. This represents a $1.95 annualized dividend and a dividend yield of 4.62%. The ex-dividend date of this dividend was Monday, April 1st.

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.