iShares Prime Money Market ETF (NYSEARCA:PMMF) Short Interest Up 360.3% in December

iShares Prime Money Market ETF (NYSEARCA:PMMF) saw a significant increase in short interest in the month of 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. Approximately 0.9% of the company’s shares are sold short. Based on an average daily volume of 89,359 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 89,359 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.9% of the company’s shares are sold short.

iShares Prime Money Market ETF Trading Up 0.0%

Shares of PMMF traded up $0.03 during midday trading on Friday, hitting $100.19. 61,752 shares of the stock were exchanged, compared to its average volume of 66,264. iShares Prime Money Market ETF has a 52-week low of $99.81 and a 52-week high of $101.40. The stock has a fifty day simple moving average of $100.37 and a 200 day simple moving average of $100.36.

Hedge Funds Weigh In On iShares Prime Money Market ETF

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

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.