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

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 8,495 shares, a drop of 77.1% from the November 30th total of 37,133 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 16,009 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 16,009 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of iShares GNMA Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. bought a new position in shares of iShares GNMA Bond ETF in the 2nd quarter valued at about $8,921,000. Jones Financial Companies Lllp lifted its holdings in iShares GNMA Bond ETF by 38,368.4% in the first quarter. Jones Financial Companies Lllp now owns 96,171 shares of the company’s stock valued at $4,222,000 after buying an additional 95,921 shares during the period. Procyon Advisors LLC acquired a new position in iShares GNMA Bond ETF in the third quarter valued at approximately $2,259,000. Duncan Williams Asset Management LLC bought a new position in iShares GNMA Bond ETF in the second quarter valued at approximately $2,105,000. Finally, Envestnet Asset Management Inc. grew its holdings in iShares GNMA Bond ETF by 66.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 88,073 shares of the company’s stock worth $3,871,000 after acquiring an additional 35,158 shares during the period.

iShares GNMA Bond ETF Stock Up 0.1%

NASDAQ:GNMA traded up $0.05 during trading hours on Thursday, hitting $44.54. 7,505 shares of the stock were exchanged, compared to its average volume of 32,359. The company’s 50 day moving average is $44.59 and its two-hundred day moving average is $44.16. 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. Investors of record on Friday, December 19th were issued a $0.1582 dividend. This is a positive change from iShares GNMA Bond ETF’s previous monthly dividend of $0.16. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, December 19th.

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.