Short Interest in iShares GNMA Bond ETF (NASDAQ:GNMA) Expands By 25.9%

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 20,400 shares, an increase of 25.9% from the October 15th total of 16,200 shares. Based on an average daily volume of 29,500 shares, the short-interest ratio is currently 0.7 days.

iShares GNMA Bond ETF Trading Down 0.4 %

NASDAQ GNMA traded down $0.16 during trading hours on Friday, reaching $43.23. 35,993 shares of the company’s stock traded hands, compared to its average volume of 39,272. iShares GNMA Bond ETF has a 52-week low of $41.91 and a 52-week high of $45.69. The firm has a 50-day simple moving average of $44.18 and a 200 day simple moving average of $43.73.

iShares GNMA Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.1468 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.07%.

Hedge Funds Weigh In On iShares GNMA Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GNMA. Sanctuary Advisors LLC bought a new position in shares of iShares GNMA Bond ETF during the 2nd quarter valued at $5,161,000. Eastern Bank bought a new position in iShares GNMA Bond ETF in the third quarter valued at about $4,208,000. Farmers & Merchants Investments Inc. boosted its position in iShares GNMA Bond ETF by 31.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 159,827 shares of the company’s stock worth $6,884,000 after purchasing an additional 38,068 shares during the last quarter. Wooster Corthell Wealth Management Inc. boosted its position in iShares GNMA Bond ETF by 164.2% in the third quarter. Wooster Corthell Wealth Management Inc. now owns 60,972 shares of the company’s stock worth $2,731,000 after purchasing an additional 37,895 shares during the last quarter. Finally, Horst & Graben Wealth Management LLC increased its position in shares of iShares GNMA Bond ETF by 69.4% during the 2nd quarter. Horst & Graben Wealth Management LLC now owns 58,744 shares of the company’s stock valued at $2,530,000 after purchasing an additional 24,074 shares during the last quarter.

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.