iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Down 93.5% in August

iShares GNMA Bond ETF (NASDAQ:GNMA) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 2,587 shares, a decrease of 93.5% from the August 15th total of 39,809 shares. Based on an average daily volume of 40,296 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On iShares GNMA Bond ETF

Several institutional investors have recently modified their holdings of GNMA. Advisory Services Network LLC acquired a new stake in iShares GNMA Bond ETF during the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of iShares GNMA Bond ETF by 74.9% in the first quarter. EverSource Wealth Advisors LLC now owns 796 shares of the company’s stock valued at $35,000 after buying an additional 341 shares during the period. Robinswood Financial LLC bought a new stake in shares of iShares GNMA Bond ETF during the first quarter worth $60,000. Creative Financial Designs Inc. ADV increased its position in shares of iShares GNMA Bond ETF by 83.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,142 shares of the company’s stock worth $95,000 after acquiring an additional 973 shares in the last quarter. Finally, Ausdal Financial Partners Inc. acquired a new stake in shares of iShares GNMA Bond ETF during the fourth quarter worth $211,000.

iShares GNMA Bond ETF Price Performance

Shares of GNMA traded down $0.14 during trading hours on Friday, reaching $42.75. The stock had a trading volume of 37,860 shares, compared to its average volume of 37,052. iShares GNMA Bond ETF has a 52 week low of $42.67 and a 52 week high of $45.49. The firm has a 50-day moving average of $43.59 and a 200 day moving average of $44.08.

iShares GNMA Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.1582 dividend. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Tuesday, September 1st.

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.