iShares GNMA Bond ETF (NASDAQ:GNMA) Stock Short Interest Rises 609.1%

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 18,344 shares, a growth of 609.1% from the August 31st total of 2,587 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 49,493 shares, the short-interest ratio is presently 0.4 days.

iShares GNMA Bond ETF Price Performance

iShares GNMA Bond ETF stock traded up $0.03 during trading hours on Friday, hitting $42.02. The stock had a trading volume of 1,797 shares, compared to its average volume of 39,198. iShares GNMA Bond ETF has a one year low of $41.83 and a one year high of $45.49. The business’s 50 day simple moving average is $43.36 and its 200-day simple moving average is $43.92.

iShares GNMA Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a $0.1582 dividend. This is a decrease from iShares GNMA Bond ETF’s previous monthly dividend of $0.1616. This represents a $1.90 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its position in shares of iShares GNMA Bond ETF by 74.9% in the first quarter. EverSource Wealth Advisors LLC now owns 796 shares of the company’s stock valued at $35,000 after purchasing an additional 341 shares in the last quarter. Focus Financial Network Inc. lifted its holdings in iShares GNMA Bond ETF by 1.7% during the 2nd quarter. Focus Financial Network Inc. now owns 21,096 shares of the company’s stock worth $933,000 after purchasing an additional 358 shares in the last quarter. Global Retirement Partners LLC boosted its stake in iShares GNMA Bond ETF by 7.9% in the 4th quarter. Global Retirement Partners LLC now owns 6,471 shares of the company’s stock worth $288,000 after purchasing an additional 474 shares during the period. Kestra Advisory Services LLC boosted its stake in iShares GNMA Bond ETF by 9.4% in the 1st quarter. Kestra Advisory Services LLC now owns 8,931 shares of the company’s stock worth $396,000 after purchasing an additional 770 shares during the period. Finally, Robinswood Financial LLC purchased a new position in iShares GNMA Bond ETF during the 1st quarter valued at about $60,000.

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.