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

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 5,400 shares, a decline of 46.5% from the September 30th total of 10,100 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 21,400 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 21,400 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

iShares GNMA Bond ETF Price Performance

Shares of NASDAQ GNMA opened at $44.69 on Friday. The business has a 50 day simple moving average of $44.47 and a 200 day simple moving average of $43.82. iShares GNMA Bond ETF has a 52 week low of $42.00 and a 52 week high of $45.34.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were given a $0.1582 dividend. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, October 1st.

Institutional Investors Weigh In On iShares GNMA Bond ETF

Several hedge funds have recently modified their holdings of GNMA. Level Financial Advisors raised its stake in shares of iShares GNMA Bond ETF by 5.3% in the second quarter. Level Financial Advisors now owns 5,893 shares of the company’s stock valued at $259,000 after purchasing an additional 296 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of iShares GNMA Bond ETF by 5.2% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 6,120 shares of the company’s stock valued at $269,000 after purchasing an additional 301 shares in the last quarter. Kickstand Ventures LLC. raised its stake in shares of iShares GNMA Bond ETF by 0.6% in the first quarter. Kickstand Ventures LLC. now owns 49,359 shares of the company’s stock valued at $2,167,000 after purchasing an additional 316 shares in the last quarter. Perigon Wealth Management LLC raised its stake in shares of iShares GNMA Bond ETF by 4.5% in the third quarter. Perigon Wealth Management LLC now owns 8,606 shares of the company’s stock valued at $382,000 after purchasing an additional 367 shares in the last quarter. Finally, Mayflower Financial Advisors LLC raised its stake in shares of iShares GNMA Bond ETF by 3.7% in the second quarter. Mayflower Financial Advisors LLC now owns 14,619 shares of the company’s stock valued at $643,000 after purchasing an additional 524 shares in the last quarter.

About iShares GNMA Bond ETF

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.