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

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 18,344 shares, a growth of 609.1% from the August 31st total of 2,587 shares. Based on an average daily volume of 49,493 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of iShares GNMA Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in GNMA. Nwam LLC acquired a new position in iShares GNMA Bond ETF during the second quarter worth about $533,000. Portland Global Advisors LLC lifted its position in shares of iShares GNMA Bond ETF by 3.1% during the 4th quarter. Portland Global Advisors LLC now owns 380,968 shares of the company’s stock valued at $16,968,000 after acquiring an additional 11,556 shares during the period. Bank of America Corp DE lifted its position in shares of iShares GNMA Bond ETF by 152.1% during the 1st quarter. Bank of America Corp DE now owns 99,069 shares of the company’s stock valued at $4,392,000 after acquiring an additional 59,773 shares during the period. Prosperity Planning Inc. lifted its position in shares of iShares GNMA Bond ETF by 10.4% during the 2nd quarter. Prosperity Planning Inc. now owns 340,879 shares of the company’s stock valued at $15,077,000 after acquiring an additional 32,240 shares during the period. Finally, Avise Financial Cooperative Inc. purchased a new stake in shares of iShares GNMA Bond ETF during the 4th quarter worth approximately $3,862,000.

iShares GNMA Bond ETF Stock Down 0.8%

Shares of GNMA traded down $0.33 during mid-day trading on Thursday, hitting $42.01. The company’s stock had a trading volume of 36,533 shares, compared to its average volume of 39,413. The firm has a 50-day simple moving average of $43.36 and a 200 day simple moving average of $43.92. iShares GNMA Bond ETF has a 1-year low of $41.83 and a 1-year high of $45.49.

iShares GNMA Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.1582 per share. This represents a $1.90 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Tuesday, September 1st. This is a decrease from iShares GNMA Bond ETF’s previous monthly dividend of $0.1616.

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.