iShares Prime Money Market ETF (NYSEARCA:PMMF) Short Interest Down 94.1% in January

iShares Prime Money Market ETF (NYSEARCA:PMMF) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 4,541 shares, a drop of 94.1% from the January 15th total of 76,348 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 116,713 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 116,713 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.

iShares Prime Money Market ETF Price Performance

Shares of iShares Prime Money Market ETF stock remained flat at $100.36 on Thursday. 72,235 shares of the stock traded hands, compared to its average volume of 110,015. iShares Prime Money Market ETF has a fifty-two week low of $99.81 and a fifty-two week high of $101.40. The stock’s 50-day moving average is $100.33 and its 200-day moving average is $100.36.

Institutional Investors Weigh In On iShares Prime Money Market ETF

A hedge fund recently bought a new stake in iShares Prime Money Market ETF stock. Hikari Power Ltd bought a new position in shares of iShares Prime Money Market ETF (NYSEARCA:PMMF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 103,120 shares of the company’s stock, valued at approximately $10,362,000. iShares Prime Money Market ETF comprises 0.9% of Hikari Power Ltd’s holdings, 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.

About iShares Prime Money Market ETF

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.