iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Update

iShares GNMA Bond ETF (NASDAQ:GNMAGet Rating) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totalling 231,600 shares, an increase of 178.7% from the April 30th total of 83,100 shares. Based on an average daily trading volume, of 71,900 shares, the days-to-cover ratio is currently 3.2 days.

Several large investors have recently added to or reduced their stakes in GNMA. Bigelow Investment Advisors LLC lifted its position in shares of iShares GNMA Bond ETF by 8.0% during the 4th quarter. Bigelow Investment Advisors LLC now owns 142,192 shares of the company’s stock worth $7,073,000 after buying an additional 10,530 shares during the last quarter. Tortoise Investment Management LLC raised its position in iShares GNMA Bond ETF by 73.1% in the fourth quarter. Tortoise Investment Management LLC now owns 5,090 shares of the company’s stock valued at $253,000 after purchasing an additional 2,150 shares during the last quarter. Capital Investment Advisory Services LLC bought a new position in iShares GNMA Bond ETF in the fourth quarter valued at about $40,000. Valley Forge Investment Consultants Inc. ADV acquired a new stake in shares of iShares GNMA Bond ETF in the fourth quarter valued at about $211,000. Finally, Prosperity Planning Inc. increased its stake in shares of iShares GNMA Bond ETF by 11.9% in the fourth quarter. Prosperity Planning Inc. now owns 111,831 shares of the company’s stock valued at $5,562,000 after buying an additional 11,886 shares during the period.

Shares of NASDAQ GNMA opened at $46.61 on Friday. The stock’s fifty day moving average price is $46.58 and its two-hundred day moving average price is $48.26. iShares GNMA Bond ETF has a one year low of $44.91 and a one year high of $50.38.

The business also recently announced a monthly dividend, which was paid on Friday, May 6th. Stockholders of record on Tuesday, May 3rd were given a dividend of $0.066 per share. The ex-dividend date of this dividend was Monday, May 2nd. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.70%.

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