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

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 30,030 shares, a growth of 844.6% from the February 26th total of 3,179 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 37,522 shares, the short-interest ratio is currently 0.8 days.

iShares GNMA Bond ETF Trading Down 0.7%

Shares of iShares GNMA Bond ETF stock traded down $0.29 on Thursday, reaching $43.99. 34,535 shares of the stock were exchanged, compared to its average volume of 34,450. iShares GNMA Bond ETF has a twelve month low of $42.55 and a twelve month high of $45.49. The business has a 50 day moving average price of $44.72 and a two-hundred day moving average price of $44.61.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.152 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, March 2nd.

Institutional Trading of iShares GNMA Bond ETF

Several large investors have recently made changes to their positions in GNMA. Global Retirement Partners LLC purchased a new position in shares of iShares GNMA Bond ETF during the second quarter worth $303,000. Advisors Asset Management Inc. raised its holdings in shares of iShares GNMA Bond ETF by 4.7% during the second quarter. Advisors Asset Management Inc. now owns 18,670 shares of the company’s stock worth $821,000 after purchasing an additional 842 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in iShares GNMA Bond ETF during the second quarter valued at $43,000. Betterment LLC lifted its position in iShares GNMA Bond ETF by 8.7% during the second quarter. Betterment LLC now owns 7,687 shares of the company’s stock valued at $338,000 after purchasing an additional 615 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in iShares GNMA Bond ETF by 56.3% in the second quarter. Raymond James Financial Inc. now owns 60,995 shares of the company’s stock valued at $2,681,000 after purchasing an additional 21,977 shares during the last quarter.

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.