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

iShares GNMA Bond ETF (NASDAQ:GNMA) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 8,548 shares, a growth of 86.0% from the June 15th total of 4,595 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 18,446 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of iShares GNMA Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Betterment LLC lifted its position in shares of iShares GNMA Bond ETF by 8.7% in the second quarter. Betterment LLC now owns 7,687 shares of the company’s stock worth $338,000 after purchasing an additional 615 shares in the last quarter. Raymond James Financial Inc. increased its position in iShares GNMA Bond ETF by 56.3% during the second quarter. Raymond James Financial Inc. now owns 60,995 shares of the company’s stock worth $2,681,000 after buying an additional 21,977 shares during the last quarter. Great Valley Advisor Group Inc. raised its stake in iShares GNMA Bond ETF by 79.9% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 40,414 shares of the company’s stock valued at $1,776,000 after acquiring an additional 17,953 shares during the period. Chapman Financial Group LLC bought a new position in shares of iShares GNMA Bond ETF in the second quarter valued at about $1,129,000. Finally, Private Advisor Group LLC lifted its position in iShares GNMA Bond ETF by 2.5% during the third quarter. Private Advisor Group LLC now owns 30,885 shares of the company’s stock worth $1,370,000 after acquiring an additional 756 shares during the last quarter.

iShares GNMA Bond ETF Price Performance

iShares GNMA Bond ETF stock traded down $0.03 during mid-day trading on Thursday, hitting $43.88. The stock had a trading volume of 7,121 shares, compared to its average volume of 32,327. iShares GNMA Bond ETF has a 12 month low of $43.18 and a 12 month high of $45.49. The stock has a 50-day simple moving average of $44.07 and a two-hundred day simple moving average of $44.42.

iShares GNMA Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.1576 per share. This is a positive change from iShares GNMA Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, July 1st.

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.