iShares High Yield Muni Income Active ETF (BATS:SHYM) Short Interest Update

iShares High Yield Muni Income Active ETF (BATS:SHYM) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 80,041 shares, a decrease of 60.4% from the April 30th total of 201,871 shares. Based on an average daily volume of 293,476 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the company’s stock are short sold.

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

Several hedge funds have recently added to or reduced their stakes in the business. FourThought Financial Partners LLC boosted its position in iShares High Yield Muni Income Active ETF by 0.4% during the 4th quarter. FourThought Financial Partners LLC now owns 106,073 shares of the company’s stock worth $2,357,000 after buying an additional 474 shares during the period. Tsfg LLC boosted its position in iShares High Yield Muni Income Active ETF by 22.2% during the 4th quarter. Tsfg LLC now owns 2,750 shares of the company’s stock worth $61,000 after buying an additional 500 shares during the period. Advisory Services Network LLC boosted its position in iShares High Yield Muni Income Active ETF by 11.7% during the 4th quarter. Advisory Services Network LLC now owns 14,351 shares of the company’s stock worth $319,000 after buying an additional 1,502 shares during the period. Sunbelt Securities Inc. acquired a new stake in iShares High Yield Muni Income Active ETF during the 3rd quarter worth approximately $75,000. Finally, GGM Financials LLC bought a new position in iShares High Yield Muni Income Active ETF during the 3rd quarter worth $76,000.

iShares High Yield Muni Income Active ETF Price Performance

BATS SHYM opened at $22.30 on Friday. iShares High Yield Muni Income Active ETF has a 52-week low of $21.90 and a 52-week high of $22.53. The business has a 50 day simple moving average of $22.14 and a 200 day simple moving average of $22.26.

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.