iShares High Yield Muni Income Active ETF (BATS:SHYM) Short Interest Down 38.1% in August

iShares High Yield Muni Income Active ETF (BATS:SHYM) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 60,336 shares, a drop of 38.1% from the August 15th total of 97,417 shares. Based on an average daily volume of 196,254 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Weitzel Financial Services Inc. lifted 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 acquiring an additional 11,601 shares during the period. Wealth Advisors of Tampa Bay LLC acquired a new stake in shares of iShares High Yield Muni Income Active ETF during the 4th quarter valued at about $1,000,000. Janney Montgomery Scott LLC increased its stake in iShares High Yield Muni Income Active ETF by 117.0% in the first quarter. Janney Montgomery Scott LLC now owns 84,006 shares of the company’s stock valued at $1,850,000 after acquiring an additional 45,287 shares during the period. Finally, FourThought Financial Partners LLC increased its stake in iShares High Yield Muni Income Active ETF by 0.4% in the fourth quarter. FourThought Financial Partners LLC now owns 106,073 shares of the company’s stock valued at $2,357,000 after acquiring an additional 474 shares during the period.

iShares High Yield Muni Income Active ETF Stock Performance

SHYM opened at $21.69 on Wednesday. The stock’s 50 day simple moving average is $22.10 and its 200-day simple moving average is $22.18. iShares High Yield Muni Income Active ETF has a 1 year low of $21.66 and a 1 year high of $22.53.

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.