iShares GNMA Bond ETF (NASDAQ:GNMA) Shares Shorted: Short Interest Up 609.1% in September

iShares GNMA Bond ETF (NASDAQ:GNMA – Get Free Report) saw a significant increase in short interest during 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. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 49,493 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Nwam LLC acquired a new position in iShares GNMA Bond ETF in the 2nd quarter valued at $533,000. Prosperity Planning Inc. boosted its holdings in shares of iShares GNMA Bond ETF by 10.4% in the second 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. boosted its holdings in shares of iShares GNMA Bond ETF by 1.7% in the second 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 shares of iShares GNMA Bond ETF during the first quarter worth about $60,000. Finally, Bank of America Corp DE increased its stake in shares of iShares GNMA Bond ETF by 152.1% during the first quarter. Bank of America Corp DE now owns 99,069 shares of the company’s stock worth $4,392,000 after acquiring an additional 59,773 shares during the period.

iShares GNMA Bond ETF Stock Down 0.8%

Shares of iShares GNMA Bond ETF stock traded down $0.33 on Thursday, hitting $42.01. The stock had a trading volume of 36,533 shares, compared to its average volume of 39,413. iShares GNMA Bond ETF has a 52-week low of $41.83 and a 52-week high of $45.49. The company’s 50 day moving average price is $43.36 and its 200 day moving average price is $43.92.

iShares GNMA Bond ETF Cuts Dividend

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

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.

Further Reading

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