Short Interest in iShares High Yield Active ETF (NASDAQ:BRHY) Grows By 159.3%

iShares High Yield Active ETF (NASDAQ:BRHYGet Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 5,267 shares, an increase of 159.3% from the June 15th total of 2,031 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 24,387 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

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

iShares High Yield Active ETF Stock Performance

Shares of BRHY traded up $0.09 on Wednesday, hitting $51.08. 3,170 shares of the stock traded hands, compared to its average volume of 17,354. The company has a market capitalization of $132.81 million, a PE ratio of 14.81 and a beta of 0.21. The business has a 50 day simple moving average of $50.98 and a 200 day simple moving average of $51.09. iShares High Yield Active ETF has a one year low of $49.88 and a one year high of $53.16.

iShares High Yield Active ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.2572 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Wednesday, July 1st.

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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