iShares High Yield Active ETF (NASDAQ:BRHY) Sees Large Growth in Short Interest

iShares High Yield Active ETF (NASDAQ:BRHYGet Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 8,108 shares, an increase of 87.4% from the April 30th total of 4,326 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average trading volume of 7,513 shares, the short-interest ratio is currently 1.1 days.

Institutional Investors Weigh In On iShares High Yield Active ETF

A hedge fund recently bought a new stake in iShares High Yield Active ETF stock. Sunbelt Securities Inc. purchased a new position in iShares High Yield Active ETF (NASDAQ:BRHYFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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 as of its most recent SEC filing.

iShares High Yield Active ETF Stock Down 0.3%

Shares of iShares High Yield Active ETF stock opened at $50.85 on Thursday. The firm has a market cap of $99.16 million, a PE ratio of 14.81 and a beta of 0.21. iShares High Yield Active ETF has a 12-month low of $49.88 and a 12-month high of $53.16. The company’s fifty day simple moving average is $50.83 and its two-hundred day simple moving average is $51.22.

iShares High Yield Active ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.2788 dividend. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Friday, May 1st.

About iShares High Yield Active ETF

(Get Free Report)

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.

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