iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Sees Significant Decline in Short Interest

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMUGet Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 16,310 shares, a drop of 65.0% from the April 30th total of 46,638 shares. Based on an average trading volume of 153,504 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

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

iShares Intermediate Muni Income Active ETF Stock Up 0.2%

INMU traded up $0.06 during trading on Friday, hitting $24.14. The company’s stock had a trading volume of 144,678 shares, compared to its average volume of 208,699. iShares Intermediate Muni Income Active ETF has a one year low of $23.24 and a one year high of $24.58. The business’s 50 day simple moving average is $24.04 and its 200-day simple moving average is $24.15.

About iShares Intermediate Muni Income Active ETF

(Get Free Report)

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.

Further Reading

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