iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Up 113.4% in September

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 17,500 shares, a growth of 113.4% from the August 31st total of 8,200 shares. Based on an average daily volume of 27,500 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 27,500 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On iShares GNMA Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in GNMA. Legacy Wealth Managment LLC ID bought a new position in shares of iShares GNMA Bond ETF during the 1st quarter worth about $32,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of iShares GNMA Bond ETF during the 2nd quarter worth about $43,000. Creative Financial Designs Inc. ADV boosted its position in shares of iShares GNMA Bond ETF by 23.9% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,380 shares of the company’s stock worth $61,000 after purchasing an additional 266 shares in the last quarter. Hills Bank & Trust Co bought a new position in iShares GNMA Bond ETF in the 2nd quarter valued at about $101,000. Finally, MAI Capital Management lifted its position in iShares GNMA Bond ETF by 67.7% in the 1st quarter. MAI Capital Management now owns 3,652 shares of the company’s stock valued at $160,000 after acquiring an additional 1,474 shares in the last quarter.

iShares GNMA Bond ETF Price Performance

GNMA stock opened at $44.45 on Monday. The company’s 50-day moving average is $44.12 and its 200-day moving average is $43.68. iShares GNMA Bond ETF has a 1 year low of $42.00 and a 1 year high of $45.16.

iShares GNMA Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st will be given a dividend of $0.1582 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, October 1st.

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.