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

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 39,809 shares, a growth of 269.8% from the July 30th total of 10,766 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 57,046 shares, the short-interest ratio is presently 0.7 days.

iShares GNMA Bond ETF Stock Down 0.2%

Shares of NASDAQ GNMA opened at $43.79 on Thursday. The stock’s fifty day simple moving average is $43.81 and its two-hundred day simple moving average is $44.21. iShares GNMA Bond ETF has a 12-month low of $43.19 and a 12-month high of $45.49.

iShares GNMA Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a dividend of $0.1616 per share. This is an increase from iShares GNMA Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Institutional Investors Weigh In On iShares GNMA Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new position in iShares GNMA Bond ETF in the third quarter worth about $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of iShares GNMA Bond ETF by 74.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 796 shares of the company’s stock valued at $35,000 after buying an additional 341 shares in the last quarter. Field & Main Bank bought a new stake in shares of iShares GNMA Bond ETF in the 2nd quarter valued at about $40,000. Robinswood Financial LLC purchased a new position in shares of iShares GNMA Bond ETF in the 1st quarter worth approximately $60,000. Finally, Creative Financial Designs Inc. ADV grew its position in shares of iShares GNMA Bond ETF by 83.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,142 shares of the company’s stock worth $95,000 after buying an additional 973 shares during the last quarter.

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.