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

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totalling 500 shares, a decrease of 95.9% from the July 15th total of 12,300 shares. Based on an average daily volume of 17,700 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of iShares GNMA Bond ETF

Hedge funds have recently modified their holdings of the company. Cape Investment Advisory Inc. raised its holdings in shares of iShares GNMA Bond ETF by 259.8% during the 4th quarter. Cape Investment Advisory Inc. now owns 608 shares of the company’s stock worth $27,000 after acquiring an additional 439 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of iShares GNMA Bond ETF by 495.6% during the 4th quarter. First Horizon Advisors Inc. now owns 679 shares of the company’s stock worth $30,000 after acquiring an additional 565 shares in the last quarter. CWM LLC raised its holdings in shares of iShares GNMA Bond ETF by 402.5% during the 2nd quarter. CWM LLC now owns 990 shares of the company’s stock worth $43,000 after acquiring an additional 793 shares in the last quarter. Global Retirement Partners LLC purchased a new stake in shares of iShares GNMA Bond ETF during the 1st quarter worth approximately $43,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of iShares GNMA Bond ETF by 84.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,485 shares of the company’s stock worth $66,000 after acquiring an additional 681 shares in the last quarter.

iShares GNMA Bond ETF Trading Up 0.4 %

GNMA stock traded up $0.17 during midday trading on Tuesday, hitting $44.28. The company’s stock had a trading volume of 18,621 shares, compared to its average volume of 43,470. iShares GNMA Bond ETF has a 12 month low of $40.33 and a 12 month high of $44.89. The company has a 50 day moving average of $43.46 and a two-hundred day moving average of $43.15.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, August 6th. Shareholders of record on Thursday, August 1st were paid a $0.1473 dividend. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.77 annualized dividend and a yield of 3.99%.

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.