Short Interest in iShares GNMA Bond ETF (NASDAQ:GNMA) Decreases By 86.9%

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a large drop in short interest in December. As of December 31st, there was short interest totalling 3,000 shares, a drop of 86.9% from the December 15th total of 22,900 shares. Based on an average trading volume of 34,300 shares, the days-to-cover ratio is presently 0.1 days.

iShares GNMA Bond ETF Trading Down 0.3 %

Shares of NASDAQ GNMA traded down $0.12 during trading hours on Monday, hitting $42.17. The stock had a trading volume of 342,880 shares, compared to its average volume of 77,454. 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 moving average price is $43.28 and its two-hundred day moving average price is $43.83.

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 given a dividend of $0.1487 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.78 dividend on an annualized basis and a yield of 4.23%. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.15.

Hedge Funds Weigh In On iShares GNMA Bond ETF

Several large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC bought a new position in iShares GNMA Bond ETF during the 2nd quarter valued at about $5,161,000. Eastern Bank acquired a new position in iShares GNMA Bond ETF during the 3rd quarter worth about $4,208,000. Wooster Corthell Wealth Management Inc. grew its holdings in iShares GNMA Bond ETF by 164.2% during the 3rd 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. raised its position in shares of iShares GNMA Bond ETF by 14.7% during the third quarter. Farmers & Merchants Investments Inc. now owns 183,335 shares of the company’s stock worth $8,212,000 after acquiring an additional 23,508 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its stake in shares of iShares GNMA Bond ETF by 48.7% during the third quarter. Focus Financial Network Inc. now owns 36,065 shares of the company’s stock valued at $1,615,000 after acquiring an additional 11,816 shares during the period.

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.