iShares GNMA Bond ETF (NASDAQ:GNMA) Short Interest Up 86.0% in June

iShares GNMA Bond ETF (NASDAQ:GNMA) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 8,548 shares, a growth of 86.0% from the June 15th total of 4,595 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 18,446 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Betterment LLC raised its position in shares of iShares GNMA Bond ETF by 8.7% in the second quarter. Betterment LLC now owns 7,687 shares of the company’s stock valued at $338,000 after purchasing an additional 615 shares during the period. Raymond James Financial Inc. raised its stake in shares of iShares GNMA Bond ETF by 56.3% in the second quarter. Raymond James Financial Inc. now owns 60,995 shares of the company’s stock valued at $2,681,000 after purchasing an additional 21,977 shares in the last quarter. Great Valley Advisor Group Inc. increased its stake in iShares GNMA Bond ETF by 79.9% in the second quarter. Great Valley Advisor Group Inc. now owns 40,414 shares of the company’s stock valued at $1,776,000 after acquiring an additional 17,953 shares during the period. Chapman Financial Group LLC bought a new position in shares of iShares GNMA Bond ETF during the 2nd quarter worth approximately $1,129,000. Finally, Private Advisor Group LLC grew its holdings in shares of iShares GNMA Bond ETF by 2.5% in the 3rd quarter. Private Advisor Group LLC now owns 30,885 shares of the company’s stock worth $1,370,000 after purchasing an additional 756 shares during the last quarter.

iShares GNMA Bond ETF Price Performance

Shares of NASDAQ GNMA traded down $0.03 during mid-day trading on Thursday, reaching $43.88. The company had a trading volume of 7,121 shares, compared to its average volume of 32,327. The stock has a fifty day moving average of $44.07 and a two-hundred day moving average of $44.42. iShares GNMA Bond ETF has a 12-month low of $43.18 and a 12-month high of $45.49.

iShares GNMA Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.1576 per share. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.