iShares GNMA Bond ETF (NASDAQ:GNMA) Stock Short Interest Climbs 123.8%

iShares GNMA Bond ETF (NASDAQ:GNMA) was the target of a significant growth in short interest during the month of 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. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 35,653 shares, the short-interest ratio is currently 0.2 days.

iShares GNMA Bond ETF Trading Up 0.6%

Shares of iShares GNMA Bond ETF stock traded up $0.24 during trading hours on Friday, reaching $43.00. 36,336 shares of the stock traded hands, compared to its average volume of 40,575. The company has a 50 day moving average price of $42.60 and a 200 day moving average price of $43.85. iShares GNMA Bond ETF has a one year low of $41.31 and a one year high of $45.49.

iShares GNMA Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1662 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is a positive change from iShares GNMA Bond ETF’s previous monthly dividend of $0.1582. This represents a $1.99 dividend on an annualized basis and a dividend yield of 4.6%.

Institutional Trading of iShares GNMA Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNMA. Vise Technologies Inc. bought a new stake in iShares GNMA Bond ETF during the third quarter valued at about $409,000. Payden & Rygel bought a new stake in shares of iShares GNMA Bond ETF during the third quarter valued at approximately $191,000. DMC Group LLC purchased a new stake in iShares GNMA Bond ETF in the 3rd quarter worth $729,000. Park Avenue Securities LLC purchased a new stake in shares of iShares GNMA Bond ETF in the third quarter worth about $952,000. Finally, McGuire Investment Group LLC purchased a new stake in iShares GNMA Bond ETF during the third quarter valued at $8,650,000.

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.