GMMF:NYSEiShares Government Money Market ETF Analysis
Data as of 2026-06-08 - not real-time
$100.30
Latest Price
3/10Risk
Risk Level: Low
Executive Summary
The iShares Government Money Market ETF (GMMF) sits just above its 20‑day SMA (100.28) and 50‑day SMA (100.28) while remaining marginally below the 200‑day SMA (100.34), indicating a modestly bearish bias. Technical signals such as an RSI of 53.4 and a bullish MACD histogram (+0.0023) suggest limited upside momentum, and the 30‑day volatility is extremely low at 0.46%. The fund’s expense ratio is a modest 0.20% with a dividend yield of 3.92%, and it tracks its benchmark virtually error‑free (tracking error = 0). However, volume is trending downwards and daily trading is thin (≈4,800 shares), which tempers liquidity confidence despite the overall safe, government‑backed asset base.
Market Outlook
Short Term
< 1 yearNeutral
Model confidence: 6/10
Key Factors
- Bearish trend direction with price near support level
- Decreasing volume indicating potential liquidity constraints
- Low expense ratio and stable dividend yield
Medium Term
1–3 yearsPositive
Model confidence: 7/10
Key Factors
- High dividend yield (3.92%) for cash‑equivalent exposure
- Near‑zero tracking error and fund discount/premium at 0
- Government securities provide strong credit quality
Long Term
> 3 yearsNeutral
Model confidence: 6/10
Key Factors
- Money‑market structure limits capital appreciation
- Consistently low volatility and beta near zero
- Maintains liquidity and safety for cash‑reserve purposes
Key Metrics & Analysis
Fund Metrics
Expense Ratio0.20%
AUM$166.5M
Inception Date2025-02-04
Avg Daily Volume51,950
Premium/Discount0.00%
Tracking Error0.00%
Dividend Yield3.92%
Technical Analysis
TrendBearish
RSI53.4
Support$100.24
Resistance$100.33
MA 20$100.28
MA 50$100.28
MA 200$100.34
MACDBullish
VolumeDecreasing
Fear & Greed Index88.02
Risk Assessment
Beta0.00
Volatility0.46%
Currency RiskLow
Liquidity RiskMedium
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.