iShares Government Money Market ETF (NYSEARCA:GMMF) Short Interest Down 21.8% in December
by Teresa Graham · The Cerbat GemiShares Government Money Market ETF (NYSEARCA:GMMF – Get Free Report) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 22,239 shares, a drop of 21.8% from the November 30th total of 28,448 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily volume of 13,530 shares, the days-to-cover ratio is currently 1.6 days. Based on an average daily volume of 13,530 shares, the days-to-cover ratio is currently 1.6 days. Currently, 2.8% of the company’s shares are sold short.
Institutional Trading of iShares Government Money Market ETF
An institutional investor recently bought a new position in iShares Government Money Market ETF stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares Government Money Market ETF (NYSEARCA:GMMF – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,102 shares of the company’s stock, valued at approximately $714,000. iShares Government Money Market ETF accounts for about 1.4% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 7th largest holding. Thurston Springer Miller Herd & Titak Inc. owned approximately 0.92% of iShares Government Money Market ETF at the end of the most recent reporting period.
iShares Government Money Market ETF Price Performance
Shares of GMMF stock remained flat at $100.21 on Tuesday. The stock had a trading volume of 6,663 shares, compared to its average volume of 9,243. The stock’s fifty day moving average price is $100.35 and its 200 day moving average price is $100.34. iShares Government Money Market ETF has a 1-year low of $99.59 and a 1-year high of $100.58.
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.