iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Update

iShares GNMA Bond ETF (NASDAQ:GNMA – Get Free Report) 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. Based on an average daily volume of 57,046 shares, the short-interest ratio is currently 0.7 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GNMA. Betterment LLC boosted its stake in shares of iShares GNMA Bond ETF by 8.7% in the 2nd quarter. Betterment LLC now owns 7,687 shares of the company’s stock valued at $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 2nd quarter. Raymond James Financial Inc. now owns 60,995 shares of the company’s stock worth $2,681,000 after purchasing an additional 21,977 shares in the last quarter. Great Valley Advisor Group Inc. lifted 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 purchasing an additional 17,953 shares during the last quarter. Chapman Financial Group LLC bought a new position in iShares GNMA Bond ETF in the 2nd quarter valued at approximately $1,129,000. Finally, Private Advisor Group LLC boosted its position in iShares GNMA Bond ETF by 2.5% in the third quarter. Private Advisor Group LLC now owns 30,885 shares of the company’s stock valued at $1,370,000 after buying an additional 756 shares in the last quarter.

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iShares GNMA Bond ETF Stock Down 0.4%

Shares of GNMA stock opened at $43.60 on Friday. iShares GNMA Bond ETF has a fifty-two week low of $43.19 and a fifty-two week high of $45.49. The stock’s fifty day moving average price is $43.79 and its two-hundred day moving average price is $44.20.

iShares GNMA Bond ETF Increases Dividend

The firm also recently disclosed 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 was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.4%. This is an increase from iShares GNMA Bond ETF’s previous monthly dividend of $0.16.

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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