iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU – Get Free Report) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 43,450 shares, a drop of 51.8% from the June 30th total of 90,076 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 161,929 shares, the short-interest ratio is presently 0.3 days.
iShares Intermediate Muni Income Active ETF Price Performance
INMU remained flat at $23.84 on Tuesday. 148,836 shares of the company were exchanged, compared to its average volume of 202,596. iShares Intermediate Muni Income Active ETF has a one year low of $23.32 and a one year high of $24.58. The firm has a 50 day moving average price of $24.09 and a two-hundred day moving average price of $24.16.
Institutional Trading of iShares Intermediate Muni Income Active ETF
A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in iShares Intermediate Muni Income Active ETF by 2,260.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,628,368 shares of the company’s stock worth $39,146,000 after purchasing an additional 1,559,395 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in iShares Intermediate Muni Income Active ETF during the 1st quarter valued at $1,983,000. Magnolia Private Wealth LLC purchased a new stake in shares of iShares Intermediate Muni Income Active ETF in the 4th quarter worth $313,000. Private Trust Co. NA purchased a new stake in shares of iShares Intermediate Muni Income Active ETF in the 4th quarter worth $116,000. Finally, Farther Finance Advisors LLC bought a new position in shares of iShares Intermediate Muni Income Active ETF during the 4th quarter worth $65,000.
iShares Intermediate Muni Income Active ETF Company Profile
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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