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

by · The Cerbat Gem

iShares GNMA Bond ETF (NASDAQ:GNMA – Get Free Report) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,587 shares, a decline of 93.5% from the August 15th total of 39,809 shares. Based on an average daily volume of 40,296 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

iShares GNMA Bond ETF Stock Down 0.3%

Shares of GNMA traded down $0.14 during trading hours on Friday, reaching $42.75. 30,236 shares of the company traded hands, compared to its average volume of 37,008. The stock’s fifty day moving average is $43.61 and its 200 day moving average is $44.09. iShares GNMA Bond ETF has a 1-year low of $42.79 and a 1-year high of $45.49.

iShares GNMA Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.1582 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.4%.

Institutional Trading of iShares GNMA Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of GNMA. Advisory Services Network LLC acquired a new stake in iShares GNMA Bond ETF during the third quarter worth $25,000. EverSource Wealth Advisors LLC raised its stake in shares of iShares GNMA Bond ETF by 74.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 796 shares of the company’s stock valued at $35,000 after buying an additional 341 shares in the last quarter. Robinswood Financial LLC bought a new position in shares of iShares GNMA Bond ETF during the 1st quarter worth about $60,000. Creative Financial Designs Inc. ADV lifted its holdings in shares of 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 worth $95,000 after acquiring an additional 973 shares during the period. Finally, Ausdal Financial Partners Inc. bought a new position in shares of iShares GNMA Bond ETF during the 4th quarter worth about $211,000.

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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