iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Short Interest Update

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 46,638 shares, a growth of 367.1% from the April 15th total of 9,985 shares. Based on an average trading volume of 119,972 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

iShares Intermediate Muni Income Active ETF Stock Performance

INMU traded down $0.01 during trading on Thursday, reaching $24.04. 81,392 shares of the company were exchanged, compared to its average volume of 200,134. iShares Intermediate Muni Income Active ETF has a 12-month low of $23.19 and a 12-month high of $24.58. The company’s 50-day moving average is $24.10 and its two-hundred day moving average is $24.16.

Institutional Trading of iShares Intermediate Muni Income Active ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in iShares Intermediate Muni Income Active ETF by 943.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 68,973 shares of the company’s stock valued at $1,651,000 after purchasing an additional 62,365 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of iShares Intermediate Muni Income Active ETF in the first quarter worth $1,983,000. Magnolia Private Wealth LLC purchased a new stake in shares of iShares Intermediate Muni Income Active ETF in the fourth quarter worth $313,000. Farther Finance Advisors LLC bought a new stake in iShares Intermediate Muni Income Active ETF during the fourth quarter valued at $65,000. Finally, Private Trust Co. NA bought a new stake in iShares Intermediate Muni Income Active ETF during the fourth quarter valued at $116,000.

About iShares Intermediate Muni Income Active ETF

The BlackRock Intermediate Muni Income Bond ETF (INMU) is an exchange-traded fund that is based on the BBG Barc Municipal Bond 1-15Yr index. The BlackRock Intermediate Muni Income Bond ETF (the Fund) seeks to maximize tax-free current income. INMU was launched on Mar 16, 2021 and is managed by BlackRock.