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

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 43,450 shares, a drop of 51.8% from the June 30th total of 90,076 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 161,929 shares, the days-to-cover ratio is presently 0.3 days.

iShares Intermediate Muni Income Active ETF Stock Performance

NYSEARCA:INMU traded down $0.02 during trading hours on Wednesday, reaching $23.83. The stock had a trading volume of 117,755 shares, compared to its average volume of 202,988. iShares Intermediate Muni Income Active ETF has a 52 week low of $23.32 and a 52 week high of $24.58. The company has a 50 day moving average price of $24.09 and a two-hundred day moving average price of $24.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in iShares Intermediate Muni Income Active ETF by 2,260.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,628,368 shares of the company’s stock valued at $39,146,000 after purchasing an additional 1,559,395 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of iShares Intermediate Muni Income Active ETF in the 1st quarter worth $1,983,000. Magnolia Private Wealth LLC purchased a new position in shares of iShares Intermediate Muni Income Active ETF in the 4th quarter worth $313,000. Private Trust Co. NA purchased a new position in shares of iShares Intermediate Muni Income Active ETF in the 4th quarter worth $116,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of iShares Intermediate Muni Income Active ETF in the 4th quarter worth about $65,000.

iShares Intermediate Muni Income Active ETF Company Profile

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.