iShares GNMA Bond ETF (NASDAQ:GNMA) Sees Large Decrease in Short Interest

iShares GNMA Bond ETF (NASDAQ:GNMA – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 3,035 shares, a drop of 83.5% from the September 15th total of 18,344 shares. Based on an average trading volume of 75,588 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares GNMA Bond ETF

Large investors have recently added to or reduced their stakes in the stock. Prosperity Planning Inc. bought a new position in iShares GNMA Bond ETF in the 3rd quarter worth about $15,342,000. First Heartland Consultants Inc. purchased a new stake in shares of iShares GNMA Bond ETF in the third quarter valued at approximately $6,375,000. Farther Finance Advisors LLC purchased a new stake in shares of iShares GNMA Bond ETF in the third quarter valued at approximately $27,000. Whitcomb & Hess Inc. bought a new position in iShares GNMA Bond ETF in the third quarter worth approximately $758,000. Finally, Investors Research Corp purchased a new position in iShares GNMA Bond ETF during the 3rd quarter worth $191,000.

iShares GNMA Bond ETF Stock Performance

GNMA opened at $41.85 on Friday. The business has a fifty day moving average of $42.95 and a 200 day moving average of $43.72. iShares GNMA Bond ETF has a 52-week low of $41.31 and a 52-week high of $45.49.

iShares GNMA Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.1662 dividend. The ex-dividend date was Thursday, October 1st. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.1582. This represents a $1.99 dividend on an annualized basis and a dividend yield of 4.8%.

iShares GNMA Bond ETF Company Profile

(Get Free Report)

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.

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