iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU – Get Free Report) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 16,310 shares, a decline of 65.0% from the April 30th total of 46,638 shares. Based on an average daily trading volume, of 153,504 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On iShares Intermediate Muni Income Active ETF
Several hedge funds have recently made changes to their positions in INMU. JPMorgan Chase & Co. lifted its stake in iShares Intermediate Muni Income Active ETF by 2,260.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,628,368 shares of the company’s stock valued at $39,146,000 after purchasing an additional 1,559,395 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in iShares Intermediate Muni Income Active ETF in the first quarter worth approximately $1,983,000. Magnolia Private Wealth LLC bought a new position in shares of iShares Intermediate Muni Income Active ETF in the fourth quarter valued at $313,000. Private Trust Co. NA acquired a new stake in shares of iShares Intermediate Muni Income Active ETF during the 4th quarter valued at $116,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of iShares Intermediate Muni Income Active ETF during the 4th quarter valued at $65,000.
iShares Intermediate Muni Income Active ETF Trading Up 0.2%
INMU stock traded up $0.06 during trading hours on Friday, hitting $24.14. 144,678 shares of the stock traded hands, compared to its average volume of 208,699. The stock has a 50-day simple moving average of $24.04 and a 200 day simple moving average of $24.15. iShares Intermediate Muni Income Active ETF has a one year low of $23.24 and a one year high of $24.58.
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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