Short Interest in iShares Prime Money Market ETF (NYSE:PMMF) Declines By 69.8%

iShares Prime Money Market ETF (NYSE:PMMF) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 22,062 shares, a decrease of 69.8% from the August 15th total of 73,170 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average 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 stake in iShares Prime Money Market ETF stock. Butensky & Cohen Financial Security Inc. purchased a new position in iShares Prime Money Market ETF (NYSE:PMMF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,671 shares of the company’s stock, valued at approximately $769,000. Butensky & Cohen Financial Security Inc. owned approximately 0.12% of iShares Prime Money Market ETF at the end of the most recent quarter.

iShares Prime Money Market ETF Trading Up 0.0%

PMMF traded up $0.01 during trading on Friday, reaching $100.28. 94,463 shares of the company traded hands, compared to its average volume of 136,808. The firm has a fifty day simple moving average of $100.30 and a 200 day simple moving average of $100.31. iShares Prime Money Market ETF has a 12-month low of $100.10 and a 12-month high of $100.57.

iShares Prime Money Market ETF Increases Dividend

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

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.