iShares High Yield Muni Income Active ETF (BATS:SHYM – Get Free Report) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 80,041 shares, a decrease of 60.4% from the April 30th total of 201,871 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 293,476 shares, the short-interest ratio is currently 0.3 days.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of SHYM. Tsfg LLC acquired a new position in shares of iShares High Yield Muni Income Active ETF in the third quarter valued at about $50,000. JPMorgan Chase & Co. purchased a new position in shares of iShares High Yield Muni Income Active ETF during the 3rd quarter valued at about $8,342,000. GGM Financials LLC purchased a new position in shares of iShares High Yield Muni Income Active ETF during the 3rd quarter valued at about $76,000. FourThought Financial Partners LLC purchased a new position in shares of iShares High Yield Muni Income Active ETF during the 3rd quarter valued at about $2,359,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of iShares High Yield Muni Income Active ETF during the 3rd quarter valued at about $221,000.
iShares High Yield Muni Income Active ETF Price Performance
Shares of SHYM stock opened at $22.30 on Monday. The stock’s 50-day simple moving average is $22.14 and its 200-day simple moving average is $22.25. iShares High Yield Muni Income Active ETF has a fifty-two week low of $21.90 and a fifty-two 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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