iShares High Yield Muni Income Active ETF (BATS:SHYM) Shares Shorted: Short Interest Up 7,711.1% in September

iShares High Yield Muni Income Active ETF (BATS:SHYM) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 866,880 shares, a growth of 7,711.1% from the September 15th total of 11,098 shares. Based on an average daily trading volume, of 831,041 shares, the days-to-cover ratio is currently 1.0 days. Currently, 5.8% of the company’s shares are sold short.

Institutional Trading of iShares High Yield Muni Income Active ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Weitzel Financial Services Inc. lifted its position in shares of iShares High Yield Muni Income Active ETF by 69.4% during the second quarter. Weitzel Financial Services Inc. now owns 28,327 shares of the company’s stock worth $634,000 after purchasing an additional 11,601 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of iShares High Yield Muni Income Active ETF by 469.8% in the third quarter. Farther Finance Advisors LLC now owns 36,018 shares of the company’s stock valued at $770,000 after purchasing an additional 29,697 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in iShares High Yield Muni Income Active ETF by 117.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 84,006 shares of the company’s stock worth $1,850,000 after buying an additional 45,287 shares during the period.

iShares High Yield Muni Income Active ETF Price Performance

Shares of SHYM stock traded up $0.09 on Friday, hitting $21.40. The stock had a trading volume of 538,255 shares, compared to its average volume of 324,035. The company’s 50 day moving average price is $21.82 and its 200-day moving average price is $22.08. iShares High Yield Muni Income Active ETF has a 1 year low of $21.14 and a 1 year high of $22.53.

iShares High Yield Muni Income Active ETF Company Profile

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.