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

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a significant increase in short interest in the month of May. As of May 28th, there was short interest totalling 69,800 shares, an increase of 13,860.0% from the May 13th total of 500 shares. Based on an average daily volume of 54,700 shares, the short-interest ratio is presently 1.3 days.

Shares of NASDAQ GNMA traded up $0.02 during trading hours on Friday, reaching $50.14. 63,732 shares of the stock were exchanged, compared to its average volume of 66,206. iShares GNMA Bond ETF has a 52 week low of $49.03 and a 52 week high of $51.78. The company’s fifty day simple moving average is $50.22.

The company also recently announced a monthly dividend, which was paid on Friday, May 7th. Stockholders of record on Tuesday, May 4th were paid a dividend of $0.067 per share. The ex-dividend date was Monday, May 3rd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.60%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC increased its stake in iShares GNMA Bond ETF by 150.1% during the 1st quarter. Citadel Advisors LLC now owns 164,563 shares of the company’s stock worth $8,276,000 after acquiring an additional 98,756 shares during the period. Jane Street Group LLC bought a new position in iShares GNMA Bond ETF during the 1st quarter worth $831,000. Massmutual Trust Co. FSB ADV increased its stake in iShares GNMA Bond ETF by 5.5% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 18,690 shares of the company’s stock worth $940,000 after acquiring an additional 975 shares during the period. High Falls Advisors Inc bought a new position in iShares GNMA Bond ETF during the 1st quarter worth $1,081,000. Finally, Strategic Equity Management increased its stake in iShares GNMA Bond ETF by 7.0% during the 1st quarter. Strategic Equity Management now owns 103,388 shares of the company’s stock worth $5,199,000 after acquiring an additional 6,776 shares during the period.

See Also: Bid-Ask Spread

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