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

iShares GNMA Bond ETF (NASDAQ:GNMA – Get Free Report) was the recipient of a large growth in short interest during the month of 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. Based on an average daily trading volume, of 18,446 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares GNMA Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new position in shares of iShares GNMA Bond ETF in the third quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in 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 purchasing an additional 341 shares during the period. Robinswood Financial LLC bought a new position in iShares GNMA Bond ETF in the 1st quarter worth about $60,000. Creative Financial Designs Inc. ADV grew its holdings in iShares GNMA Bond ETF by 83.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,142 shares of the company’s stock valued at $95,000 after buying an additional 973 shares in the last quarter. Finally, Quotient Wealth Partners LLC purchased a new position in iShares GNMA Bond ETF during the 4th quarter valued at about $206,000.

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iShares GNMA Bond ETF Price Performance

NASDAQ GNMA remained flat at $43.88 during trading on Friday. 14,307 shares of the company’s stock traded hands, compared to its average volume of 32,193. iShares GNMA Bond ETF has a 1-year low of $43.18 and a 1-year high of $45.49. The business’s 50-day simple moving average is $44.05 and its 200 day simple moving average is $44.41.

iShares GNMA Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.1576 dividend. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.3%.

About iShares GNMA Bond ETF

(Get Free Report)

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.

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