iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Up 74.0% in December

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 14,778 shares, a growth of 74.0% from the December 15th total of 8,495 shares. Based on an average daily trading volume, of 30,401 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 30,401 shares, the short-interest ratio is presently 0.5 days.

iShares GNMA Bond ETF Price Performance

NASDAQ GNMA traded down $0.11 during trading on Thursday, hitting $44.61. The company’s stock had a trading volume of 346,918 shares, compared to its average volume of 56,530. iShares GNMA Bond ETF has a fifty-two week low of $42.55 and a fifty-two week high of $45.34. The business’s 50 day simple moving average is $44.54 and its 200-day simple moving average is $44.27.

iShares GNMA Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a $0.1582 dividend. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Beacon Financial Group lifted its stake in shares of iShares GNMA Bond ETF by 51.8% during the second quarter. Beacon Financial Group now owns 14,679 shares of the company’s stock worth $645,000 after buying an additional 5,007 shares during the period. Focus Financial Network Inc. raised its stake in iShares GNMA Bond ETF by 1.3% in the 2nd quarter. Focus Financial Network Inc. now owns 42,517 shares of the company’s stock worth $1,869,000 after acquiring an additional 534 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in iShares GNMA Bond ETF by 7.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 56,921 shares of the company’s stock worth $2,482,000 after acquiring an additional 3,734 shares during the last quarter. Myecfo LLC lifted its position in iShares GNMA Bond ETF by 3.5% during the 2nd quarter. Myecfo LLC now owns 56,942 shares of the company’s stock worth $2,503,000 after acquiring an additional 1,941 shares during the period. Finally, Prosperity Planning Inc. grew its stake in iShares GNMA Bond ETF by 3.3% during the 2nd quarter. Prosperity Planning Inc. now owns 251,260 shares of the company’s stock valued at $11,043,000 after purchasing an additional 7,983 shares during 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.