iShares Government Money Market ETF (NYSE:GMMF) Shares Shorted: Short Interest Down 72.7% in October

iShares Government Money Market ETF (NYSE:GMMF – Get Free Report) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 1,802 shares, a drop of 72.7% from the October 15th total of 6,609 shares. Based on an average daily volume of 17,409 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

iShares Government Money Market ETF Stock Performance

NYSE:GMMF traded up $0.01 during trading hours on Friday, reaching $100.28. The company had a trading volume of 17,950 shares, compared to its average volume of 23,102. The stock has a 50-day moving average of $100.28 and a two-hundred day moving average of $100.30. iShares Government Money Market ETF has a one year low of $100.10 and a one year high of $100.52.

iShares Government Money Market ETF Announces Dividend

The company also recently announced a weekly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Wednesday, September 2nd were paid a $0.0681 dividend. This represents a dividend yield of 353.0%. The ex-dividend date of this dividend was Wednesday, September 2nd.

Institutional Investors Weigh In On iShares Government Money Market ETF

A hedge fund recently bought a new stake in iShares Government Money Market ETF stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares Government Money Market ETF (NYSE:GMMF – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 331 shares of the company’s stock, valued at approximately $33,000.

About iShares Government Money Market ETF

(Get Free Report)

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.

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