Short Interest in iShares Prime Money Market ETF (NYSEARCA:PMMF) Rises By 70.8%

iShares Prime Money Market ETF (NYSEARCA:PMMF) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 76,348 shares, a growth of 70.8% from the December 31st total of 44,699 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 107,224 shares, the short-interest ratio is presently 0.7 days. Based on an average daily volume of 107,224 shares, the short-interest ratio is presently 0.7 days. Currently, 1.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares Prime Money Market ETF stock. Hikari Power Ltd acquired a new stake in shares of iShares Prime Money Market ETF (NYSEARCA:PMMF) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 103,120 shares of the company’s stock, valued at approximately $10,362,000. iShares Prime Money Market ETF makes up about 0.9% of Hikari Power Ltd’s holdings, making the stock its 18th biggest position. Hikari Power Ltd owned about 3.83% of iShares Prime Money Market ETF as of its most recent filing with the SEC.

iShares Prime Money Market ETF Stock Performance

Shares of PMMF opened at $100.53 on Monday. The business has a 50-day simple moving average of $100.35 and a two-hundred day simple moving average of $100.37. iShares Prime Money Market ETF has a 52 week low of $99.81 and a 52 week high of $101.40.

About iShares Prime Money Market ETF

The iShares Prime Money Market ETF (PMMF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund which invests in USD-denominated money market instruments with short-term maturities. The fund seeks a high level of current income. PMMF was launched on Feb 4, 2025 and is issued by BlackRock.