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 large increase in short interest in October. As of October 30th, there was short interest totaling 1,912 shares, an increase of 163.0% from the October 15th total of 727 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 5,509 shares, the days-to-cover ratio is presently 0.3 days.

iShares High Yield Active ETF Stock Performance

Shares of BRHY stock traded down $0.06 during mid-day trading on Friday, hitting $49.40. 9,448 shares of the stock were exchanged, compared to its average volume of 19,912. The stock’s fifty day simple moving average is $49.65 and its two-hundred day simple moving average is $50.64. The stock has a market capitalization of $130.92 million, a price-to-earnings ratio of 14.81 and a beta of 0.22. iShares High Yield Active ETF has a 12-month low of $48.86 and a 12-month high of $53.16.

iShares High Yield Active ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a $0.2929 dividend. This is an increase from iShares High Yield Active ETF’s previous monthly dividend of $0.2599. The ex-dividend date was Monday, November 2nd. This represents a $3.51 annualized dividend and a dividend yield of 7.1%.

iShares High Yield Active ETF Company Profile

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.