iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Up 2,440.0% in August

iShares GNMA Bond ETF (NASDAQ:GNMA) was the recipient of a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 12,700 shares, a growth of 2,440.0% from the July 31st total of 500 shares. Based on an average daily volume of 19,100 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of iShares GNMA Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. TSA Wealth Managment LLC bought a new stake in shares of iShares GNMA Bond ETF in the 4th quarter worth approximately $2,169,000. Merit Financial Group LLC purchased a new position in shares of iShares GNMA Bond ETF during the 4th quarter valued at $591,000. ShoreHaven Wealth Partners LLC lifted its position in shares of iShares GNMA Bond ETF by 5.5% during the 4th quarter. ShoreHaven Wealth Partners LLC now owns 16,109 shares of the company’s stock valued at $713,000 after buying an additional 845 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of iShares GNMA Bond ETF by 495.6% during the 4th quarter. First Horizon Advisors Inc. now owns 679 shares of the company’s stock worth $30,000 after acquiring an additional 565 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in iShares GNMA Bond ETF by 84.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,485 shares of the company’s stock worth $66,000 after acquiring an additional 681 shares during the last quarter.

iShares GNMA Bond ETF Stock Up 0.2 %

Shares of iShares GNMA Bond ETF stock opened at $44.71 on Wednesday. iShares GNMA Bond ETF has a 1 year low of $40.33 and a 1 year high of $45.69. The stock has a fifty day moving average price of $43.75 and a 200-day moving average price of $43.21.

iShares GNMA Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were issued a dividend of $0.1473 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $1.77 dividend on an annualized basis and a yield of 3.95%.

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.