Short Interest in iShares GNMA Bond ETF (NASDAQ:GNMA) Rises By 25.9%

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 20,400 shares, an increase of 25.9% from the October 15th total of 16,200 shares. Based on an average daily volume of 29,500 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of iShares GNMA Bond ETF

Institutional investors have recently made changes to their positions in the business. Payden & Rygel Investment Group acquired a new stake in shares of iShares GNMA Bond ETF during the 1st quarter valued at about $198,000. First National Corp MA ADV boosted its position in shares of iShares GNMA Bond ETF by 17.6% during the 3rd quarter. First National Corp MA ADV now owns 9,651 shares of the company’s stock valued at $432,000 after acquiring an additional 1,447 shares in the last quarter. DMC Group LLC boosted its position in shares of iShares GNMA Bond ETF by 0.8% during the 3rd quarter. DMC Group LLC now owns 34,749 shares of the company’s stock valued at $1,556,000 after acquiring an additional 263 shares in the last quarter. CWM LLC boosted its position 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 valued at $43,000 after acquiring an additional 793 shares in the last quarter. Finally, LifePlan Financial LLC boosted its position in iShares GNMA Bond ETF by 12.1% in the third quarter. LifePlan Financial LLC now owns 45,534 shares of the company’s stock valued at $2,039,000 after buying an additional 4,931 shares in the last quarter.

iShares GNMA Bond ETF Stock Performance

NASDAQ:GNMA opened at $43.23 on Friday. The firm’s 50-day moving average is $44.18 and its 200-day moving average is $43.75. iShares GNMA Bond ETF has a 52-week low of $41.91 and a 52-week high of $45.69.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.1468 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.76 annualized dividend and a dividend yield of 4.07%.

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.