iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Down 77.1% in December

by · The Markets Daily

iShares GNMA Bond ETF (NASDAQ:GNMA – Get Free Report) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 8,495 shares, a decrease of 77.1% from the November 30th total of 37,133 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 16,009 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 16,009 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

iShares GNMA Bond ETF Price Performance

NASDAQ:GNMA remained flat at $44.49 during midday trading on Friday. The company had a trading volume of 73,833 shares, compared to its average volume of 32,527. The firm has a fifty day moving average of $44.58 and a two-hundred day moving average of $44.17. iShares GNMA Bond ETF has a twelve month low of $42.00 and a twelve month high of $45.34.

iShares GNMA Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a dividend of $0.1582 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. This is a positive change from iShares GNMA Bond ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Friday, December 19th.

Institutional Trading of iShares GNMA Bond ETF

Several hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in iShares GNMA Bond ETF in the 3rd quarter worth about $25,000. Legacy Wealth Managment LLC ID acquired a new position in shares of iShares GNMA Bond ETF during the first quarter worth approximately $32,000. Twin Peaks Wealth Advisors LLC bought a new position in iShares GNMA Bond ETF in the 2nd quarter worth approximately $43,000. Smartleaf Asset Management LLC grew its holdings in iShares GNMA Bond ETF by 373.2% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,183 shares of the company’s stock worth $53,000 after buying an additional 933 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in iShares GNMA Bond ETF by 25.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,531 shares of the company’s stock valued at $68,000 after acquiring an additional 312 shares during the period.

iShares GNMA Bond ETF Company Profile

(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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