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

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

iShares GNMA Bond ETF Trading Down 0.4 %

GNMA traded down $0.16 on Friday, reaching $43.23. The company had a trading volume of 35,993 shares, 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 business 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 disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a dividend of $0.1468 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date of this dividend was Friday, November 1st.

Institutional Inflows and Outflows

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