iShares High Yield Muni Income Active ETF (BATS:SHYM) Sees Large Decline in Short Interest

iShares High Yield Muni Income Active ETF (BATS:SHYM) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 199,449 shares, a decline of 77.0% from the September 30th total of 866,880 shares. Based on an average daily trading volume, of 862,384 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.3% of the shares of the company are sold short.

Institutional Trading of iShares High Yield Muni Income Active ETF

Hedge funds have recently added to or reduced their stakes in the business. Oakworth Capital Inc. bought a new stake in iShares High Yield Muni Income Active ETF in the 3rd quarter valued at $40,000. Weitzel Financial Services Inc. increased its holdings in shares of iShares High Yield Muni Income Active ETF by 69.4% during the 2nd quarter. Weitzel Financial Services Inc. now owns 28,327 shares of the company’s stock worth $634,000 after purchasing an additional 11,601 shares during the period. Farther Finance Advisors LLC raised its position in shares of iShares High Yield Muni Income Active ETF by 469.8% during the third quarter. Farther Finance Advisors LLC now owns 36,018 shares of the company’s stock valued at $770,000 after buying an additional 29,697 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of iShares High Yield Muni Income Active ETF by 117.0% during the first quarter. Janney Montgomery Scott LLC now owns 84,006 shares of the company’s stock valued at $1,850,000 after buying an additional 45,287 shares during the last quarter.

iShares High Yield Muni Income Active ETF Stock Up 0.0%

BATS SHYM opened at $21.84 on Friday. iShares High Yield Muni Income Active ETF has a 1 year low of $21.14 and a 1 year high of $22.53. The company has a fifty day simple moving average of $21.68 and a 200 day simple moving average of $22.11.

iShares High Yield Muni Income Active ETF Company Profile

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.