iShares Government Money Market ETF (NYSE:GMMF) Shares Shorted: Short Interest Down 59.5% in October

iShares Government Money Market ETF (NYSE:GMMF) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 6,609 shares, a drop of 59.5% from the September 30th total of 16,326 shares. Based on an average daily volume of 30,641 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares Government Money Market ETF

A hedge fund recently bought a new stake in iShares Government Money Market ETF stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in iShares Government Money Market ETF (NYSE:GMMF) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 331 shares of the company’s stock, valued at approximately $33,000.

iShares Government Money Market ETF Stock Down 0.1%

Shares of GMMF stock opened at $100.25 on Thursday. The business has a 50-day moving average price of $100.28 and a two-hundred day moving average price of $100.31. iShares Government Money Market ETF has a 12-month low of $100.10 and a 12-month high of $100.55.

iShares Government Money Market ETF Dividend Announcement

The company also recently disclosed a weekly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Wednesday, September 2nd were given a dividend of $0.0681 per share. The ex-dividend date was Wednesday, September 2nd. This represents a dividend yield of 353.0%.

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.