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

iShares Government Money Market ETF (NYSEARCA:GMMF) saw a large 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. Approximately 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,510 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 15,510 shares, the short-interest ratio is presently 0.9 days. Approximately 1.5% of the shares of the stock are short sold.

iShares Government Money Market ETF Price Performance

NYSEARCA:GMMF remained flat at $100.50 during trading hours on Friday. 15,863 shares of the company were exchanged, compared to its average volume of 13,123. The firm’s 50-day moving average price is $100.33 and its 200-day moving average price is $100.35. iShares Government Money Market ETF has a one year low of $99.59 and a one year high of $100.58.

Hedge Funds 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 (NYSEARCA:GMMF) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 7,102 shares of the company’s stock, valued at approximately $714,000. iShares Government Money Market ETF makes up 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 0.92% of iShares Government Money Market ETF at the end of the most recent reporting period.

iShares Government Money Market ETF Company Profile

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.