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

iShares High Yield Active ETF (NASDAQ:BRHY) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 263,231 shares, a growth of 3,146.6% from the May 14th total of 8,108 shares. Based on an average trading volume of 77,329 shares, the short-interest ratio is currently 3.4 days. Currently, 13.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares High Yield Active ETF

A hedge fund recently bought a new stake in iShares High Yield Active ETF stock. Sunbelt Securities Inc. acquired a new stake in iShares High Yield Active ETF (NASDAQ:BRHY) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,453 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned approximately 0.22% of iShares High Yield Active ETF as of its most recent SEC filing.

iShares High Yield Active ETF Stock Performance

Shares of iShares High Yield Active ETF stock traded up $0.08 during trading hours on Tuesday, hitting $50.85. The company’s stock had a trading volume of 4,869 shares, compared to its average volume of 15,445. The business has a 50 day moving average price of $50.87 and a two-hundred day moving average price of $51.20. iShares High Yield Active ETF has a 12-month low of $49.88 and a 12-month high of $53.16. The company has a market cap of $99.16 million, a PE ratio of 14.81 and a beta of 0.21.

iShares High Yield Active ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a $0.2788 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Friday, May 1st.

About iShares High Yield Active ETF

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.