iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Down 71.5% in April

iShares GNMA Bond ETF (NASDAQ:GNMA – Get Rating) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 83,100 shares, a decrease of 71.5% from the April 15th total of 291,300 shares. Based on an average daily trading volume, of 70,500 shares, the days-to-cover ratio is currently 1.2 days.

Shares of NASDAQ:GNMA traded up $0.01 on Thursday, hitting $45.95. The company’s stock had a trading volume of 89,523 shares, compared to its average volume of 68,805. iShares GNMA Bond ETF has a 12 month low of $44.91 and a 12 month high of $50.38. The stock’s 50-day moving average is $47.00 and its two-hundred day moving average is $48.50.

The firm also recently declared a monthly dividend, which was paid on Friday, May 6th. Stockholders of record on Tuesday, May 3rd were paid a $0.066 dividend. The ex-dividend date of this dividend was Monday, May 2nd. This represents a $0.79 annualized dividend and a dividend yield of 1.72%.

Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new stake in iShares GNMA Bond ETF during the 4th quarter worth about $8,723,000. Financial Engines Advisors L.L.C. raised its holdings in iShares GNMA Bond ETF by 1,573.3% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 161,977 shares of the company’s stock worth $8,057,000 after buying an additional 152,297 shares during the period. Strategic Equity Management raised its holdings in iShares GNMA Bond ETF by 200.9% during the 1st quarter. Strategic Equity Management now owns 191,725 shares of the company’s stock worth $9,149,000 after buying an additional 128,011 shares during the period. Southern Capital Advisors LLC acquired a new stake in iShares GNMA Bond ETF during the 4th quarter worth about $5,282,000. Finally, Fort Pitt Capital Group LLC raised its holdings in iShares GNMA Bond ETF by 3.9% during the 4th quarter. Fort Pitt Capital Group LLC now owns 969,225 shares of the company’s stock worth $48,209,000 after buying an additional 36,614 shares during the period.

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