iShares GNMA Bond ETF (NASDAQ:GNMA) Stock Short Interest Climbs 609.1%

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 18,344 shares, an increase of 609.1% from the August 31st total of 2,587 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 49,493 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of iShares GNMA Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of GNMA. Nwam LLC bought a new position in shares of iShares GNMA Bond ETF in the second quarter valued at $533,000. Prosperity Planning Inc. lifted its position in iShares GNMA Bond ETF by 10.4% in the 2nd quarter. Prosperity Planning Inc. now owns 340,879 shares of the company’s stock valued at $15,077,000 after acquiring an additional 32,240 shares in the last quarter. Focus Financial Network Inc. lifted its position in iShares GNMA Bond ETF by 1.7% in the 2nd quarter. Focus Financial Network Inc. now owns 21,096 shares of the company’s stock valued at $933,000 after acquiring an additional 358 shares in the last quarter. Robinswood Financial LLC acquired a new position in iShares GNMA Bond ETF during the 1st quarter valued at about $60,000. Finally, Bank of America Corp DE increased its holdings in iShares GNMA Bond ETF by 152.1% during the 1st quarter. Bank of America Corp DE now owns 99,069 shares of the company’s stock worth $4,392,000 after purchasing an additional 59,773 shares in the last quarter.

iShares GNMA Bond ETF Stock Up 0.5%

GNMA stock traded up $0.22 during trading on Friday, reaching $42.21. 20,085 shares of the stock were exchanged, compared to its average volume of 39,308. The firm’s 50 day moving average is $43.33 and its 200 day moving average is $43.91. iShares GNMA Bond ETF has a twelve month low of $41.83 and a twelve month high of $45.49.

iShares GNMA Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.1582 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is a negative change from iShares GNMA Bond ETF’s previous monthly dividend of $0.1616. This represents a $1.90 dividend on an annualized basis and a dividend yield of 4.5%.

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.