Short Interest in iShares GNMA Bond ETF (NASDAQ:GNMA) Rises By 142.7%

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 36,576 shares, a growth of 142.7% from the January 15th total of 15,071 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 30,754 shares, the short-interest ratio is presently 1.2 days. Based on an average trading volume of 30,754 shares, the short-interest ratio is presently 1.2 days. Currently, 0.4% of the company’s stock are sold short.

iShares GNMA Bond ETF Stock Performance

NASDAQ GNMA traded up $0.08 during trading hours on Thursday, hitting $44.91. 10,688 shares of the company traded hands, compared to its average volume of 40,289. The business’s 50-day moving average is $44.58 and its 200-day moving average is $44.43. iShares GNMA Bond ETF has a twelve month low of $42.55 and a twelve month high of $45.34.

iShares GNMA Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.157 per share. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Monday, February 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. bought a new stake in shares of iShares GNMA Bond ETF in the 2nd quarter valued at about $8,921,000. LPL Financial LLC raised its stake in iShares GNMA Bond ETF by 98.1% in the fourth quarter. LPL Financial LLC now owns 391,218 shares of the company’s stock valued at $17,425,000 after buying an additional 193,767 shares during the period. Avise Financial Cooperative Inc. acquired a new stake in shares of iShares GNMA Bond ETF in the fourth quarter valued at approximately $3,862,000. Procyon Advisors LLC acquired a new position in shares of iShares GNMA Bond ETF during the 3rd quarter worth approximately $2,259,000. Finally, Envestnet Asset Management Inc. raised its stake in iShares GNMA Bond ETF by 66.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 88,073 shares of the company’s stock valued at $3,871,000 after acquiring an additional 35,158 shares during the period.

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.