iShares High Yield Muni Income Active ETF (BATS:SHYM – Get Free Report) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 47,864 shares, a drop of 40.8% from the May 31st total of 80,846 shares. Based on an average daily volume of 204,187 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short.
Institutional Investors Weigh In On iShares High Yield Muni Income Active ETF
Several hedge funds have recently added to or reduced their stakes in SHYM. Tsfg LLC grew its stake in shares of iShares High Yield Muni Income Active ETF by 22.2% in the fourth quarter. Tsfg LLC now owns 2,750 shares of the company’s stock worth $61,000 after acquiring an additional 500 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of iShares High Yield Muni Income Active ETF during the third quarter valued at $75,000. Integrated Wealth Concepts LLC purchased a new position in shares of iShares High Yield Muni Income Active ETF in the 3rd quarter worth about $221,000. NewEdge Advisors LLC purchased a new position in shares of iShares High Yield Muni Income Active ETF in the 3rd quarter worth about $246,000. Finally, Advisory Services Network LLC boosted its stake in iShares High Yield Muni Income Active ETF by 11.7% in the 4th quarter. Advisory Services Network LLC now owns 14,351 shares of the company’s stock worth $319,000 after purchasing an additional 1,502 shares in the last quarter.
iShares High Yield Muni Income Active ETF Price Performance
Shares of SHYM opened at $22.45 on Wednesday. The business’s 50 day moving average price is $22.25 and its 200-day moving average price is $22.26. iShares High Yield Muni Income Active ETF has a 52 week low of $21.90 and a 52 week high of $22.53.
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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