iShares High Yield Active ETF (NASDAQ:BRHY) Sees Significant Decline in Short Interest

iShares High Yield Active ETF (NASDAQ:BRHY) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 4,209 shares, a decline of 76.4% from the September 15th total of 17,815 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 11,665 shares, the days-to-cover ratio is presently 0.4 days.

iShares High Yield Active ETF Stock Performance

Shares of BRHY traded down $0.14 during midday trading on Tuesday, hitting $49.27. 417 shares of the company traded hands, compared to its average volume of 19,280. The stock has a market cap of $137.97 million, a price-to-earnings ratio of 14.81 and a beta of 0.23. The firm has a 50 day moving average of $50.37 and a 200-day moving average of $50.71. iShares High Yield Active ETF has a 52 week low of $48.86 and a 52 week high of $53.16.

iShares High Yield Active ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a $0.2599 dividend. This is a decrease from iShares High Yield Active ETF’s previous monthly dividend of $0.2723. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Thursday, October 1st.

iShares High Yield Active ETF Company Profile

The iShares High Yield Active ETF (BRHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to maximize total return by actively managing a portfolio of high-yield corporate bonds with maturities of ten years or less. BRHY was launched on Jun 17, 2024 and is issued by BlackRock.