iShares Prime Money Market ETF (NYSE:PMMF) Sees Large Decline in Short Interest

iShares Prime Money Market ETF (NYSE:PMMF) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 22,062 shares, a drop of 69.8% from the August 15th total of 73,170 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 166,626 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On iShares Prime Money Market ETF

An institutional investor recently bought a new position in iShares Prime Money Market ETF stock. Butensky & Cohen Financial Security Inc. acquired a new stake in iShares Prime Money Market ETF (NYSE:PMMF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,671 shares of the company’s stock, valued at approximately $769,000. Butensky & Cohen Financial Security Inc. owned 0.12% of iShares Prime Money Market ETF at the end of the most recent quarter.

iShares Prime Money Market ETF Stock Performance

Shares of PMMF stock traded up $0.01 during trading on Friday, hitting $100.28. 94,463 shares of the company were exchanged, compared to its average volume of 136,808. The business’s 50-day simple moving average is $100.30 and its 200 day simple moving average is $100.31. iShares Prime Money Market ETF has a twelve month low of $100.10 and a twelve month high of $100.57.

iShares Prime Money Market ETF Increases Dividend

The company also recently announced a weekly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Wednesday, July 1st were given a $0.0699 dividend. This represents a yield of 362.0%. The ex-dividend date of this dividend was Wednesday, July 1st. This is an increase from iShares Prime Money Market ETF’s previous weekly dividend of $0.07.

iShares Prime Money Market ETF Company Profile

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.