iShares High Yield Active ETF (NASDAQ:BRHY) Short Interest Up 3,146.6% in May

iShares High Yield Active ETF (NASDAQ:BRHY) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 263,231 shares, a growth of 3,146.6% from the May 14th total of 8,108 shares. Currently, 13.5% of the shares of the company are short sold. Based on an average daily volume of 77,329 shares, the short-interest ratio is presently 3.4 days.

iShares High Yield Active ETF Stock Up 0.2%

NASDAQ BRHY opened at $50.85 on Wednesday. The company has a market capitalization of $99.16 million, a P/E 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 firm has a 50-day moving average price of $50.89 and a two-hundred day moving average price of $51.19.

iShares High Yield Active ETF Dividend Announcement

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

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 Form 13F filing with the SEC. The fund acquired 3,453 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned 0.22% of iShares High Yield Active ETF as of its most recent SEC filing.

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.