iShares Government Money Market ETF (NYSE:GMMF) Stock Short Interest Jumps 67.2%

iShares Government Money Market ETF (NYSE:GMMF) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 16,326 shares, a growth of 67.2% from the September 15th total of 9,767 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average trading volume of 17,979 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On iShares Government Money Market ETF

An institutional investor recently bought a new stake in iShares Government Money Market ETF stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of iShares Government Money Market ETF (NYSE:GMMF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 331 shares of the company’s stock, valued at approximately $33,000.

iShares Government Money Market ETF Stock Up 0.0%

Shares of NYSE GMMF opened at $100.25 on Friday. iShares Government Money Market ETF has a 1 year low of $100.10 and a 1 year high of $100.55. The firm’s 50-day moving average is $100.29 and its 200-day moving average is $100.29.

iShares Government Money Market ETF Dividend Announcement

The business also recently disclosed a weekly dividend, which was paid on Thursday, September 3rd. Investors of record on Wednesday, September 2nd were issued a dividend of $0.0681 per share. This represents a dividend yield of 353.0%. The ex-dividend date was Wednesday, September 2nd.

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.