iShares GNMA Bond ETF (NASDAQ:GNMA) Stock Short Interest Climbs 123.8%

iShares GNMA Bond ETF (NASDAQ:GNMA – Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 6,793 shares, an increase of 123.8% from the September 30th total of 3,035 shares. Based on an average daily volume of 35,653 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

iShares GNMA Bond ETF Price Performance

Shares of iShares GNMA Bond ETF stock traded up $0.24 on Friday, reaching $43.00. The company had a trading volume of 36,336 shares, compared to its average volume of 40,575. The firm’s 50-day moving average price is $42.60 and its two-hundred day moving average price is $43.85. iShares GNMA Bond ETF has a 1 year low of $41.31 and a 1 year 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. Investors of record on Thursday, October 1st were given a $0.1662 dividend. 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 yield of 4.6%. The ex-dividend date was Thursday, October 1st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vise Technologies Inc. purchased a new stake in shares of iShares GNMA Bond ETF in the third quarter valued at $409,000. Payden & Rygel purchased a new position in shares of iShares GNMA Bond ETF during the 3rd quarter worth about $191,000. DMC Group LLC bought a new position in iShares GNMA Bond ETF during the 3rd quarter valued at about $729,000. Park Avenue Securities LLC bought a new position in iShares GNMA Bond ETF during the 3rd quarter valued at about $952,000. Finally, McGuire Investment Group LLC bought a new position in iShares GNMA Bond ETF during the 3rd quarter valued at about $8,650,000.

About iShares GNMA Bond ETF

(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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