iShares Prime Money Market ETF (NYSE:PMMF) Short Interest Down 69.8% in August

iShares Prime Money Market ETF (NYSE:PMMF) saw a large decrease in short interest in the month of 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. Based on an average daily trading volume, of 166,626 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares Prime Money Market ETF

An institutional investor recently bought a new stake in iShares Prime Money Market ETF stock. Butensky & Cohen Financial Security Inc. acquired a new stake in shares of iShares Prime Money Market ETF (NYSE:PMMF) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,671 shares of the company’s stock, valued at approximately $769,000. Butensky & Cohen Financial Security Inc. owned about 0.12% of iShares Prime Money Market ETF as of its most recent filing with the SEC.

iShares Prime Money Market ETF Stock Performance

NYSE PMMF traded up $0.03 on Monday, hitting $100.31. 136,022 shares of the company’s stock traded hands, compared to its average volume of 136,803. iShares Prime Money Market ETF has a 1-year low of $100.10 and a 1-year high of $100.57. The firm’s 50-day moving average price is $100.30 and its two-hundred day moving average price is $100.31.

iShares Prime Money Market ETF Increases Dividend

The firm also recently disclosed a weekly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Wednesday, July 1st were paid a $0.0699 dividend. The ex-dividend date was Wednesday, July 1st. This is an increase from iShares Prime Money Market ETF’s previous weekly dividend of $0.07. This represents a dividend yield of 362.0%.

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.