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

iShares GNMA Bond ETF (NASDAQ:GNMA) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 2,587 shares, a drop of 93.5% from the August 15th total of 39,809 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 40,296 shares, the days-to-cover ratio is presently 0.1 days.

iShares GNMA Bond ETF Trading Down 0.7%

GNMA stock traded down $0.29 during trading on Thursday, hitting $42.89. The stock had a trading volume of 15,968 shares, compared to its average volume of 37,048. The company’s 50 day moving average price is $43.61 and its two-hundred day moving average price is $44.09. iShares GNMA Bond ETF has a 1-year low of $42.80 and a 1-year high of $45.49.

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 given a $0.1582 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 1st.

Hedge Funds Weigh In On iShares GNMA Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Nwam LLC purchased a new position in iShares GNMA Bond ETF during the second quarter worth about $533,000. Portland Global Advisors LLC boosted its stake in iShares GNMA Bond ETF by 3.1% in the 4th quarter. Portland Global Advisors LLC now owns 380,968 shares of the company’s stock worth $16,968,000 after buying an additional 11,556 shares during the last quarter. Prosperity Planning Inc. grew its holdings in iShares GNMA Bond ETF by 10.4% in the 2nd quarter. Prosperity Planning Inc. now owns 340,879 shares of the company’s stock valued at $15,077,000 after buying an additional 32,240 shares during the period. Sanctuary Advisors LLC grew its holdings in iShares GNMA Bond ETF by 11.0% in the 1st quarter. Sanctuary Advisors LLC now owns 134,515 shares of the company’s stock valued at $5,963,000 after buying an additional 13,350 shares during the period. Finally, Avise Financial Cooperative Inc. purchased a new stake in iShares GNMA Bond ETF in the 4th quarter valued at about $3,862,000.

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.