iShares GNMA Bond ETF (NASDAQ:GNMA) Sees Significant Drop in Short Interest

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 3,035 shares, a decrease of 83.5% from the September 15th total of 18,344 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 75,588 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new stake in shares of iShares GNMA Bond ETF in the third quarter worth $27,000. EverSource Wealth Advisors LLC grew its position in iShares GNMA Bond ETF by 74.9% during the first quarter. EverSource Wealth Advisors LLC now owns 796 shares of the company’s stock worth $35,000 after buying an additional 341 shares in the last quarter. Eastern Bank purchased a new position in iShares GNMA Bond ETF during the third quarter worth about $55,000. Robinswood Financial LLC bought a new position in iShares GNMA Bond ETF in the 1st quarter worth about $60,000. Finally, Investors Research Corp bought a new position in iShares GNMA Bond ETF in the 3rd quarter worth about $191,000.

iShares GNMA Bond ETF Stock Performance

NASDAQ GNMA traded up $0.20 on Friday, hitting $41.85. The stock had a trading volume of 27,578 shares, compared to its average volume of 39,171. iShares GNMA Bond ETF has a 52-week low of $41.31 and a 52-week high of $45.49. The firm has a 50-day moving average of $42.95 and a 200-day moving average of $43.72.

iShares GNMA Bond ETF Increases Dividend

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

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.