iShares High Yield Muni Income Active ETF (BATS:SHYM) Short Interest Update

iShares High Yield Muni Income Active ETF (BATS:SHYM) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 97,417 shares, a decline of 32.7% from the July 30th total of 144,724 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 228,013 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On iShares High Yield Muni Income Active ETF

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in iShares High Yield Muni Income Active ETF in the third quarter worth $8,342,000. Integrated Wealth Concepts LLC purchased a new stake in iShares High Yield Muni Income Active ETF in the third quarter worth about $221,000. NewEdge Advisors LLC bought a new position in iShares High Yield Muni Income Active ETF during the 3rd quarter worth about $246,000. Sunbelt Securities Inc. purchased a new position in iShares High Yield Muni Income Active ETF during the 3rd quarter valued at about $75,000. Finally, Weitzel Financial Services Inc. increased its holdings in iShares High Yield Muni Income Active ETF by 72.2% during the fourth quarter. Weitzel Financial Services Inc. now owns 16,306 shares of the company’s stock valued at $363,000 after buying an additional 6,836 shares during the period.

iShares High Yield Muni Income Active ETF Trading Down 0.3%

Shares of BATS SHYM opened at $22.00 on Tuesday. The firm’s 50 day moving average price is $22.22 and its 200-day moving average price is $22.23. 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.