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

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a significant 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. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 57,046 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On iShares GNMA Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in shares of iShares GNMA Bond ETF during the third quarter worth about $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of iShares GNMA Bond ETF by 74.9% during the first quarter. EverSource Wealth Advisors LLC now owns 796 shares of the company’s stock valued at $35,000 after acquiring 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 valued at approximately $40,000. Robinswood Financial LLC purchased a new position in shares of iShares GNMA Bond ETF in the 1st quarter valued at approximately $60,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in 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 purchasing an additional 973 shares in the last quarter.

iShares GNMA Bond ETF Trading Down 0.2%

Shares of GNMA opened at $43.79 on Thursday. iShares GNMA Bond ETF has a 12 month low of $43.19 and a 12 month high of $45.49. The stock has a fifty day moving average price of $43.81 and a 200-day moving average price of $44.21.

iShares GNMA Bond ETF Increases Dividend

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

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.