iShares High Yield Muni Income Active ETF (BATS:SHYM) Stock Short Interest Falls 81.6%

by · The Markets Daily

iShares High Yield Muni Income Active ETF (BATS:SHYM – Get Free Report) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 11,098 shares, a decline of 81.6% from the August 31st total of 60,336 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 327,500 shares, the short-interest ratio is currently 0.0 days.

iShares High Yield Muni Income Active ETF Price Performance

Shares of iShares High Yield Muni Income Active ETF stock opened at $21.38 on Friday. The stock has a 50 day moving average of $21.98 and a 200 day moving average of $22.14. iShares High Yield Muni Income Active ETF has a 12 month low of $21.35 and a 12 month high of $22.53.

Institutional Investors Weigh In On iShares High Yield Muni Income Active ETF

A hedge fund recently raised its position in iShares High Yield Muni Income Active ETF stock. Janney Montgomery Scott LLC boosted its holdings in shares of iShares High Yield Muni Income Active ETF (BATS:SHYM – Free Report) by 117.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 84,006 shares of the company’s stock after purchasing an additional 45,287 shares during the quarter. Janney Montgomery Scott LLC owned about 0.56% of iShares High Yield Muni Income Active ETF worth $1,850,000 as of its most recent SEC filing.

iShares High Yield Muni Income Active ETF Company Profile

(Get Free Report)

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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