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

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 18,900 shares, a growth of 75.0% from the September 15th total of 10,800 shares. Based on an average daily trading volume, of 22,100 shares, the days-to-cover ratio is presently 0.9 days.

iShares GNMA Bond ETF Trading Up 0.3 %

Shares of GNMA opened at $44.08 on Monday. The firm has a 50-day simple moving average of $44.60 and a two-hundred day simple moving average of $43.56. iShares GNMA Bond ETF has a 1-year low of $40.33 and a 1-year high of $45.69.

iShares GNMA Bond ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1503 per share. The ex-dividend date was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares GNMA Bond ETF

Institutional investors have recently modified their holdings of the company. CWM LLC increased its position in shares of iShares GNMA Bond ETF by 402.5% during the second quarter. CWM LLC now owns 990 shares of the company’s stock worth $43,000 after acquiring an additional 793 shares during the period. Tortoise Investment Management LLC raised its position in iShares GNMA Bond ETF by 14.1% in the 4th quarter. Tortoise Investment Management LLC now owns 3,318 shares of the company’s stock valued at $147,000 after purchasing an additional 410 shares in the last quarter. Advisors Asset Management Inc. raised its position in iShares GNMA Bond ETF by 159.5% in the 1st quarter. Advisors Asset Management Inc. now owns 4,035 shares of the company’s stock valued at $175,000 after purchasing an additional 2,480 shares in the last quarter. Payden & Rygel Investment Group purchased a new position in shares of iShares GNMA Bond ETF in the 1st quarter valued at about $198,000. Finally, Beacon Financial Group purchased a new stake in shares of iShares GNMA Bond ETF during the fourth quarter worth approximately $254,000.

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.