iShares GNMA Bond ETF (NASDAQ:GNMA) Stock Short Interest Report for October

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 6,793 shares, a growth of 123.8% from the September 30th total of 3,035 shares. Based on an average daily volume of 35,653 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

iShares GNMA Bond ETF Stock Performance

Shares of GNMA stock traded up $0.24 during trading hours on Friday, reaching $43.00. 36,336 shares of the company’s stock were exchanged, compared to its average volume of 40,575. The company’s 50 day moving average is $42.60 and its two-hundred day moving average 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. Shareholders of record on Thursday, October 1st were paid a dividend of $0.1662 per share. This is an increase 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 of this dividend was Thursday, October 1st.

Hedge Funds Weigh In On iShares GNMA Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in iShares GNMA Bond ETF in the third quarter worth about $27,000. EverSource Wealth Advisors LLC grew its holdings in shares of iShares GNMA Bond ETF by 74.9% during the first quarter. EverSource Wealth Advisors LLC now owns 796 shares of the company’s stock valued at $35,000 after purchasing an additional 341 shares during the last quarter. IFP Advisors Inc bought a new position in shares of iShares GNMA Bond ETF during the third quarter valued at approximately $46,000. Eastern Bank acquired a new stake in shares of iShares GNMA Bond ETF during the 3rd quarter worth approximately $55,000. Finally, Robinswood Financial LLC acquired a new stake in shares of iShares GNMA Bond ETF during the 1st quarter worth approximately $60,000.

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.