Short Interest in iShares GNMA Bond ETF (NASDAQ:GNMA) Expands By 142.7%

iShares GNMA Bond ETF (NASDAQ:GNMA) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 36,576 shares, an increase of 142.7% from the January 15th total of 15,071 shares. Based on an average daily volume of 30,754 shares, the short-interest ratio is presently 1.2 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 30,754 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On iShares GNMA Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Beverly Hills Private Wealth LLC lifted its position in iShares GNMA Bond ETF by 11.9% during the 2nd quarter. Beverly Hills Private Wealth LLC now owns 110,423 shares of the company’s stock worth $4,853,000 after acquiring an additional 11,728 shares during the last quarter. Foster & Motley Inc. boosted its position in shares of iShares GNMA Bond ETF by 93.0% in the second quarter. Foster & Motley Inc. now owns 12,104 shares of the company’s stock valued at $532,000 after acquiring an additional 5,832 shares during the period. Croban grew its stake in shares of iShares GNMA Bond ETF by 46.5% in the third quarter. Croban now owns 56,810 shares of the company’s stock worth $2,519,000 after acquiring an additional 18,022 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in iShares GNMA Bond ETF by 6.1% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 266,935 shares of the company’s stock valued at $11,839,000 after purchasing an additional 15,287 shares during the period. Finally, WealthPlan Investment Management LLC bought a new position in shares of iShares GNMA Bond ETF during the 2nd quarter worth about $259,000.

iShares GNMA Bond ETF Stock Performance

Shares of GNMA stock traded up $0.11 on Friday, reaching $45.02. 11,515 shares of the company’s stock traded hands, compared to its average volume of 39,327. iShares GNMA Bond ETF has a 12-month low of $42.55 and a 12-month high of $45.34. The business’s 50 day moving average price is $44.59 and its two-hundred day moving average price is $44.43.

iShares GNMA Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a $0.157 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.