iShares High Yield Active ETF (NASDAQ:BRHY) Sees Significant Increase in Short Interest

iShares High Yield Active ETF (NASDAQ:BRHY) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 7,738 shares, a growth of 69.5% from the December 15th total of 4,564 shares. Based on an average trading volume of 7,220 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.5% of the shares of the stock are sold short. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 7,220 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of iShares High Yield Active ETF

A hedge fund recently bought a new stake in iShares High Yield Active ETF stock. Sunbelt Securities Inc. acquired a new stake in iShares High Yield Active ETF (NASDAQ:BRHY) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,453 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned about 0.22% of iShares High Yield Active ETF at the end of the most recent quarter.

iShares High Yield Active ETF Price Performance

Shares of NASDAQ:BRHY opened at $51.75 on Friday. iShares High Yield Active ETF has a 1 year low of $48.27 and a 1 year high of $52.64. The firm has a market capitalization of $85.39 million, a PE ratio of 14.81 and a beta of 0.24. The business’s 50 day moving average price is $51.63 and its 200-day moving average price is $51.80.

iShares High Yield Active ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a dividend of $0.2759 per share. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

About iShares High Yield Active ETF

The iShares High Yield Active ETF (BRHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to maximize total return by actively managing a portfolio of high-yield corporate bonds with maturities of ten years or less. BRHY was launched on Jun 17, 2024 and is issued by BlackRock.