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

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 3,000 shares, a decrease of 86.9% from the December 31st total of 22,900 shares. Based on an average daily trading volume, of 34,300 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On iShares GNMA Bond ETF

A number of large investors have recently added to or reduced their stakes in GNMA. Sanctuary Advisors LLC acquired a new stake in shares of iShares GNMA Bond ETF in the 2nd quarter worth $5,161,000. Eastern Bank acquired a new stake in iShares GNMA Bond ETF in the third quarter worth about $4,208,000. Wooster Corthell Wealth Management Inc. grew 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 during the last quarter. Farmers & Merchants Investments Inc. increased its holdings in shares of iShares GNMA Bond ETF by 18.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 217,347 shares of the company’s stock valued at $9,331,000 after acquiring an additional 34,012 shares in the last quarter. Finally, Northland Capital Management LLC raised its position in shares of iShares GNMA Bond ETF by 4.1% in the 4th quarter. Northland Capital Management LLC now owns 452,078 shares of the company’s stock valued at $19,408,000 after purchasing an additional 17,933 shares during the last quarter.

iShares GNMA Bond ETF Trading Up 0.0 %

Shares of NASDAQ:GNMA traded up $0.02 on Wednesday, reaching $43.21. The company had a trading volume of 27,914 shares, compared to its average volume of 66,802. iShares GNMA Bond ETF has a 52-week low of $41.91 and a 52-week high of $45.69. The firm’s 50 day simple moving average is $43.15 and its 200-day simple moving average is $43.80.

iShares GNMA Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.1487 dividend. This represents a $1.78 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend was Wednesday, December 18th. This is a positive change from iShares GNMA Bond ETF’s previous monthly dividend of $0.15.

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.