iShares Prime Money Market ETF (NYSE:PMMF) Short Interest Update

iShares Prime Money Market ETF (NYSE:PMMF) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 22,062 shares, a decrease of 69.8% from the August 15th total of 73,170 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 166,626 shares, the days-to-cover ratio is currently 0.1 days.

iShares Prime Money Market ETF Stock Performance

Shares of NYSE PMMF traded up $0.01 during trading on Friday, reaching $100.28. 94,463 shares of the company traded hands, compared to its average volume of 136,808. The firm has a 50 day simple moving average of $100.30 and a 200-day simple moving average of $100.31. iShares Prime Money Market ETF has a 52-week low of $100.10 and a 52-week high of $100.57.

iShares Prime Money Market ETF Increases Dividend

The company also recently declared a weekly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.0699 per share. This represents a dividend yield of 362.0%. The ex-dividend date of this dividend was Wednesday, July 1st. This is a positive change from iShares Prime Money Market ETF’s previous weekly dividend of $0.07.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in iShares Prime Money Market ETF stock. Capital Square LLC bought a new stake in shares of iShares Prime Money Market ETF (NYSE:PMMF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,950 shares of the company’s stock, valued at approximately $2,402,000. iShares Prime Money Market ETF makes up 1.1% of Capital Square LLC’s investment portfolio, making the stock its 25th largest holding. Capital Square LLC owned about 0.36% 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.