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

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 39,809 shares, an increase of 269.8% from the July 30th total of 10,766 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 57,046 shares, the days-to-cover ratio is presently 0.7 days.

iShares GNMA Bond ETF Trading Down 0.4%

Shares of GNMA stock traded down $0.18 during trading hours on Friday, hitting $43.59. The stock had a trading volume of 2,654 shares, compared to its average volume of 34,887. iShares GNMA Bond ETF has a one year low of $43.19 and a one year high of $45.49. The stock’s 50-day moving average price is $43.80 and its two-hundred day moving average price is $44.20.

iShares GNMA Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GNMA. Advisory Services Network LLC purchased a new stake in iShares GNMA Bond ETF during the third quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake 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 worth $35,000 after buying an additional 341 shares in the last quarter. Field & Main Bank purchased a new position in shares of iShares GNMA Bond ETF in the 2nd quarter worth $40,000. Robinswood Financial LLC bought a new stake in shares of iShares GNMA Bond ETF in the 1st quarter worth about $60,000. Finally, Creative Financial Designs Inc. ADV increased its holdings 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.

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.