iShares Government Money Market ETF (NYSEARCA:GMMF) Short Interest Update

iShares Government Money Market ETF (NYSEARCA:GMMF) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 13,435 shares, a drop of 48.4% from the December 31st total of 26,047 shares. Based on an average daily volume of 15,510 shares, the days-to-cover ratio is presently 0.9 days. Currently, 1.5% of the company’s stock are sold short. Currently, 1.5% of the company’s stock are sold short. Based on an average daily volume of 15,510 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares Government Money Market ETF stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares Government Money Market ETF (NYSEARCA:GMMF) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,102 shares of the company’s stock, valued at approximately $714,000. iShares Government Money Market ETF accounts for 1.4% of Thurston Springer Miller Herd & Titak Inc.’s portfolio, making the stock its 7th largest holding. Thurston Springer Miller Herd & Titak Inc. owned approximately 0.92% of iShares Government Money Market ETF at the end of the most recent quarter.

iShares Government Money Market ETF Stock Performance

Shares of GMMF stock remained flat at $100.50 during mid-day trading on Friday. 15,863 shares of the company’s stock traded hands, compared to its average volume of 13,123. iShares Government Money Market ETF has a 1-year low of $99.59 and a 1-year high of $100.58. The stock’s 50-day moving average price is $100.33 and its two-hundred day moving average price is $100.35.

About iShares Government Money Market ETF

The iShares Government Money Market ETF (GMMF) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund which invests in US government money market instruments with short-term maturities. The fund seeks current income. GMMF was launched on Feb 4, 2025 and is issued by BlackRock.