iShares High Yield Muni Income Active ETF (BATS:SHYM – Get Free Report) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 201,871 shares, a growth of 73.1% from the April 15th total of 116,620 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 138,303 shares, the short-interest ratio is presently 1.5 days.
Hedge Funds Weigh In On iShares High Yield Muni Income Active ETF
Institutional investors and hedge funds have recently modified their holdings of the business. Tsfg LLC bought a new position in shares of iShares High Yield Muni Income Active ETF during the 3rd quarter worth approximately $50,000. Sunbelt Securities Inc. bought a new position in shares of iShares High Yield Muni Income Active ETF during the 3rd quarter worth approximately $75,000. GGM Financials LLC bought a new position in shares of iShares High Yield Muni Income Active ETF during the 3rd quarter worth approximately $76,000. Integrated Wealth Concepts LLC bought a new position in shares of iShares High Yield Muni Income Active ETF during the 3rd quarter worth approximately $221,000. Finally, NewEdge Advisors LLC bought a new position in shares of iShares High Yield Muni Income Active ETF during the 3rd quarter worth approximately $246,000.
iShares High Yield Muni Income Active ETF Stock Performance
iShares High Yield Muni Income Active ETF stock opened at $22.06 on Monday. iShares High Yield Muni Income Active ETF has a 52-week low of $21.90 and a 52-week high of $22.53. The stock’s 50 day moving average price is $22.15 and its two-hundred day moving average price is $22.27.
About iShares High Yield Muni Income Active ETF
The iShares High Yield Muni Income Active ETF (SHYM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed to provide exposure to primarily high-yield US municipal bonds that are exempt from federal income tax. SHYM was launched on Mar 16, 2021 and is issued by BlackRock.
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