iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU – Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 46,638 shares, a growth of 367.1% from the April 15th total of 9,985 shares. Based on an average trading volume of 119,972 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new position in shares of iShares Intermediate Muni Income Active ETF during the 4th quarter valued at approximately $65,000. Private Trust Co. NA bought a new position in shares of iShares Intermediate Muni Income Active ETF during the 4th quarter valued at approximately $116,000. JPMorgan Chase & Co. bought a new position in shares of iShares Intermediate Muni Income Active ETF during the 2nd quarter valued at approximately $155,000. Magnolia Private Wealth LLC bought a new position in shares of iShares Intermediate Muni Income Active ETF during the 4th quarter valued at approximately $313,000. Finally, Bank of New York Mellon Corp bought a new position in shares of iShares Intermediate Muni Income Active ETF during the 1st quarter valued at approximately $1,983,000.
iShares Intermediate Muni Income Active ETF Price Performance
iShares Intermediate Muni Income Active ETF stock opened at $24.06 on Wednesday. iShares Intermediate Muni Income Active ETF has a twelve month low of $23.19 and a twelve month high of $24.58. The firm has a 50 day moving average price of $24.11 and a 200-day moving average price of $24.16.
About iShares Intermediate Muni Income Active ETF
The BlackRock Intermediate Muni Income Bond ETF (INMU) is an exchange-traded fund that is based on the BBG Barc Municipal Bond 1-15Yr index. The BlackRock Intermediate Muni Income Bond ETF (the Fund) seeks to maximize tax-free current income. INMU was launched on Mar 16, 2021 and is managed by BlackRock.
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