iShares High Yield Muni Income Active ETF (BATS:SHYM) Sees Large Increase in Short Interest

iShares High Yield Muni Income Active ETF (BATS:SHYM) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 866,880 shares, an increase of 7,711.1% from the September 15th total of 11,098 shares. Currently, 5.8% of the company’s stock are short sold. Based on an average trading volume of 831,041 shares, the short-interest ratio is presently 1.0 days.

iShares High Yield Muni Income Active ETF Stock Up 0.4%

Shares of iShares High Yield Muni Income Active ETF stock traded up $0.09 during trading hours on Friday, reaching $21.40. 538,255 shares of the company were exchanged, compared to its average volume of 324,035. iShares High Yield Muni Income Active ETF has a 1 year low of $21.14 and a 1 year high of $22.53. The stock’s fifty day moving average is $21.82 and its 200 day moving average is $22.08.

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

Several large investors have recently bought and sold shares of SHYM. Janney Montgomery Scott LLC grew its position in shares of iShares High Yield Muni Income Active ETF by 117.0% during the first quarter. Janney Montgomery Scott LLC now owns 84,006 shares of the company’s stock worth $1,850,000 after buying an additional 45,287 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in iShares High Yield Muni Income Active ETF by 469.8% in the third quarter. Farther Finance Advisors LLC now owns 36,018 shares of the company’s stock valued at $770,000 after acquiring an additional 29,697 shares in the last quarter. Finally, Weitzel Financial Services Inc. raised its holdings in iShares High Yield Muni Income Active ETF by 69.4% in the second quarter. Weitzel Financial Services Inc. now owns 28,327 shares of the company’s stock valued at $634,000 after acquiring an additional 11,601 shares in the last quarter.

iShares High Yield Muni Income Active ETF Company Profile

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.