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

iShares GNMA Bond ETF (NASDAQ:GNMA) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 3,035 shares, a decline of 83.5% from the September 15th total of 18,344 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 75,588 shares, the days-to-cover ratio is currently 0.0 days.

iShares GNMA Bond ETF Trading Up 0.5%

Shares of iShares GNMA Bond ETF stock opened at $41.85 on Friday. The firm’s 50-day moving average is $42.95 and its two-hundred day moving average is $43.72. iShares GNMA Bond ETF has a 1 year low of $41.31 and a 1 year high of $45.49.

iShares GNMA Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.1662 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from iShares GNMA Bond ETF’s previous monthly dividend of $0.1582. This represents a $1.99 annualized dividend and a yield of 4.8%.

Hedge Funds Weigh In On iShares GNMA Bond ETF

A number of large investors have recently bought and sold shares of GNMA. Nwam LLC bought a new stake in iShares GNMA Bond ETF during the second quarter valued at about $533,000. Bank of America Corp DE lifted its position 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 valued at $4,392,000 after buying an additional 59,773 shares during the last quarter. First Heartland Consultants Inc. bought a new stake in shares of iShares GNMA Bond ETF in the 3rd quarter valued at about $6,375,000. Prosperity Planning Inc. grew its position in shares of iShares GNMA Bond ETF by 10.4% in the 2nd quarter. Prosperity Planning Inc. now owns 340,879 shares of the company’s stock worth $15,077,000 after buying an additional 32,240 shares during the last quarter. Finally, Whitcomb & Hess Inc. bought a new position in shares of iShares GNMA Bond ETF during the 3rd quarter worth approximately $758,000.

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.