Short Interest in iShares High Yield Active ETF (NASDAQ:BRHY) Drops By 99.2%

iShares High Yield Active ETF (NASDAQ:BRHYGet Free Report) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 2,031 shares, a decline of 99.2% from the May 31st total of 263,231 shares. Based on an average daily volume of 9,264 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

iShares High Yield Active ETF Stock Up 0.0%

BRHY stock traded up $0.02 during trading hours on Thursday, hitting $51.01. The company’s stock had a trading volume of 13,822 shares, compared to its average volume of 16,299. The company has a market capitalization of $99.47 million, a PE ratio of 14.81 and a beta of 0.21. iShares High Yield Active ETF has a 12 month low of $49.88 and a 12 month high of $53.16. The stock has a 50 day moving average price of $50.98 and a two-hundred day moving average price of $51.12.

iShares High Yield Active ETF Announces Dividend

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in iShares High Yield Active ETF stock. Sunbelt Securities Inc. bought a new position in iShares High Yield Active ETF (NASDAQ:BRHYFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,453 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned 0.22% of iShares High Yield Active ETF at the end of the most recent reporting period.

About iShares High Yield Active ETF

(Get Free Report)

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.

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