iShares GNMA Bond ETF (NASDAQ:GNMA) Sees Large Decline in Short Interest

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

iShares GNMA Bond ETF Trading Up 0.2 %

GNMA traded up $0.09 on Tuesday, hitting $43.19. 12,523 shares of the company were exchanged, compared to its average volume of 69,131. The firm has a 50-day moving average price of $43.15 and a two-hundred day moving average price of $43.80. iShares GNMA Bond ETF has a twelve month low of $41.91 and a twelve month high of $45.69.

iShares GNMA Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.1487 dividend. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Wednesday, December 18th. This represents a $1.78 annualized dividend and a yield of 4.13%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new position in iShares GNMA Bond ETF in the fourth quarter valued at approximately $37,000. Foster & Motley Inc. acquired a new stake in iShares GNMA Bond ETF during the fourth quarter worth approximately $234,000. Quotient Wealth Partners LLC purchased a new stake in shares of iShares GNMA Bond ETF during the 4th quarter worth approximately $235,000. Stratos Wealth Advisors LLC acquired a new position in shares of iShares GNMA Bond ETF in the 4th quarter valued at $241,000. Finally, Patriot Financial Group Insurance Agency LLC grew its position in shares of iShares GNMA Bond ETF by 10.5% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 6,982 shares of the company’s stock valued at $300,000 after buying an additional 666 shares during the last quarter.

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.