iShares High Yield Muni Income Active ETF (BATS:SHYM – Get Free Report) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 201,871 shares, a growth of 73.1% from the April 15th total of 116,620 shares. Based on an average trading volume of 138,303 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.4% of the company’s stock are sold short.
iShares High Yield Muni Income Active ETF Price Performance
BATS SHYM opened at $22.11 on Tuesday. The company’s fifty day simple moving average is $22.15 and its 200-day simple moving average is $22.26. iShares High Yield Muni Income Active ETF has a 52 week low of $21.90 and a 52 week high of $22.53.
Institutional Investors Weigh In On iShares High Yield Muni Income Active ETF
A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in shares of iShares High Yield Muni Income Active ETF in the 3rd quarter worth approximately $8,342,000. FourThought Financial Partners LLC lifted its stake in iShares High Yield Muni Income Active ETF by 0.4% during the fourth quarter. FourThought Financial Partners LLC now owns 106,073 shares of the company’s stock worth $2,357,000 after purchasing an additional 474 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in iShares High Yield Muni Income Active ETF by 117.0% during the first quarter. Janney Montgomery Scott LLC now owns 84,006 shares of the company’s stock worth $1,850,000 after purchasing an additional 45,287 shares during the last quarter. Wealth Advisors of Tampa Bay LLC acquired a new position in iShares High Yield Muni Income Active ETF in the fourth quarter worth $1,000,000. Finally, Weitzel Financial Services Inc. boosted its holdings in iShares High Yield Muni Income Active ETF by 72.2% in the fourth quarter. Weitzel Financial Services Inc. now owns 16,306 shares of the company’s stock worth $363,000 after purchasing an additional 6,836 shares during the period.
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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