Short Interest in iShares Prime Money Market ETF (NYSEARCA:PMMF) Increases By 360.3%

iShares Prime Money Market ETF (NYSEARCA:PMMF) was the recipient of a significant increase in short interest in December. As of December 15th, there was short interest totaling 33,644 shares, an increase of 360.3% from the November 30th total of 7,309 shares. Based on an average daily trading volume, of 89,359 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.9% of the shares of the stock are sold short. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 89,359 shares, the days-to-cover ratio is currently 0.4 days.

iShares Prime Money Market ETF Stock Performance

PMMF stock opened at $100.16 on Thursday. The firm has a 50 day moving average of $100.38 and a 200-day moving average of $100.36. iShares Prime Money Market ETF has a 12 month low of $99.81 and a 12 month high of $101.40.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares Prime Money Market ETF stock. Hikari Power Ltd purchased a new position in iShares Prime Money Market ETF (NYSEARCA:PMMF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 103,120 shares of the company’s stock, valued at approximately $10,362,000. iShares Prime Money Market ETF accounts for about 0.9% of Hikari Power Ltd’s investment portfolio, making the stock its 18th biggest position. Hikari Power Ltd owned about 3.83% of iShares Prime Money Market ETF at the end of the most recent quarter.

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.