Short Interest in iShares GNMA Bond ETF (NASDAQ:GNMA) Declines By 14.3%

iShares GNMA Bond ETF (NASDAQ:GNMA) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 16,200 shares, a drop of 14.3% from the September 30th total of 18,900 shares. Based on an average daily volume of 22,900 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On iShares GNMA Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC raised its stake in iShares GNMA Bond ETF by 402.5% during the second quarter. CWM LLC now owns 990 shares of the company’s stock worth $43,000 after acquiring an additional 793 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of iShares GNMA Bond ETF by 159.5% during the first quarter. Advisors Asset Management Inc. now owns 4,035 shares of the company’s stock worth $175,000 after acquiring an additional 2,480 shares during the period. Payden & Rygel Investment Group bought a new stake in shares of iShares GNMA Bond ETF in the first quarter valued at about $198,000. Fullcircle Wealth LLC acquired a new position in iShares GNMA Bond ETF during the 2nd quarter worth approximately $265,000. Finally, Patriot Financial Group Insurance Agency LLC boosted its holdings in iShares GNMA Bond ETF by 4.9% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 6,373 shares of the company’s stock worth $274,000 after purchasing an additional 300 shares during the last quarter.

iShares GNMA Bond ETF Stock Performance

Shares of iShares GNMA Bond ETF stock traded down $0.13 during midday trading on Thursday, hitting $43.47. The company’s stock had a trading volume of 19,524 shares, compared to its average volume of 38,381. iShares GNMA Bond ETF has a 1-year low of $40.77 and a 1-year high of $45.69. The stock has a 50-day simple moving average of $44.49 and a 200-day simple moving average of $43.65.

iShares GNMA Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.1503 per share. The ex-dividend date was Tuesday, September 3rd.

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.