iShares High Yield Muni Income Active ETF (BATS:SHYM – Get Free Report) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 199,449 shares, a decrease of 77.0% from the September 30th total of 866,880 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 862,384 shares, the days-to-cover ratio is currently 0.2 days.
Hedge Funds Weigh In On iShares High Yield Muni Income Active ETF
Hedge funds have recently bought and sold shares of the stock. Oakworth Capital Inc. purchased a new stake in shares of iShares High Yield Muni Income Active ETF in the third quarter valued at $40,000. Farther Finance Advisors LLC raised its stake in iShares High Yield Muni Income Active ETF by 469.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 36,018 shares of the company’s stock valued at $770,000 after purchasing an additional 29,697 shares during the last quarter. Weitzel Financial Services Inc. lifted its holdings in iShares High Yield Muni Income Active ETF by 69.4% in the 2nd quarter. Weitzel Financial Services Inc. now owns 28,327 shares of the company’s stock valued at $634,000 after purchasing an additional 11,601 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in iShares High Yield Muni Income Active ETF by 117.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 84,006 shares of the company’s stock valued at $1,850,000 after purchasing an additional 45,287 shares in the last quarter.
iShares High Yield Muni Income Active ETF Price Performance
Shares of SHYM opened at $21.83 on Thursday. iShares High Yield Muni Income Active ETF has a 1-year low of $21.14 and a 1-year high of $22.53. The firm has a 50 day simple moving average of $21.69 and a 200-day simple moving average of $22.11.
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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