iShares GNMA Bond ETF (NASDAQ:GNMA – Get Rating) benefited from strong short-term interest growth in June. As of June 30, there were short interests totaling 179,300 shares, a growth of 39.2% from the total of 128,800 shares as of June 15. Based on an average daily volume of 76,000 shares, the day-to-cover ratio is currently 2.4 days.
iShares GNMA Bond ETF Equity up 0.4%
NASDAQ: GNMA traded down $0.20 during Monday’s trading, hitting $45.88. The company’s shares had a trading volume of 996 shares, compared to its average trading volume of 69,751. iShares GNMA Bond ETF has a 12-month low of $44.27 and a 12-month high of 50, $38. The company has a 50-day moving average of $45.74 and a 200-day moving average of $47.18.
iShares GNMA Bond ETF increases its dividend
The company also recently declared a monthly dividend, which was paid on Friday, July 8. Shareholders of record on Tuesday, July 5 received a dividend of $0.069. The ex-dividend date was Friday, July 1. This represents an annualized dividend of $0.83 and a dividend yield of 1.80%. This is a boost from iShares GNMA Bond ETF’s previous monthly dividend of $0.07.
iShares GNMA Bond ETF Institutional Trading
Several institutional investors and hedge funds have recently changed their holdings in GNMA. Investors Research Corp increased its holdings of iShares GNMA Bond ETF shares by 37.5% in Q4. Investors Research Corp now owns 1,804 shares of the company valued at $90,000 after acquiring 492 additional shares last quarter. First National Corp MA ADV increased its position in iShares GNMA Bond ETF shares by 250.4% during the 4th quarter. First National Corp MA ADV now owns 19,055 shares of the company valued at $948,000 after buying 13,617 additional shares in the last quarter. DMG Group LLC purchased a new stock position of iShares GNMA Bond ETF during Q4, valued at approximately $1,442,000. Carmichael Hill & Associates Inc. increased its position in iShares GNMA Bond ETF shares by 441.5% during the 4th quarter. Carmichael Hill & Associates Inc. now owns 2,659 shares of the company valued at $132,000 after buying 2,168 additional shares in the last quarter. Finally, Riverwater Partners LLC purchased a new equity position in iShares GNMA Bond ETF during Q4, valued at approximately $1,080,000.
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