iShares High Yield Active ETF (NASDAQ:BRHY) Short Interest Down 99.2% in June

iShares High Yield Active ETF (NASDAQ:BRHY) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,031 shares, a decline of 99.2% from the May 31st total of 263,231 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 9,264 shares, the days-to-cover ratio is currently 0.2 days.

iShares High Yield Active ETF Trading Down 0.1%

BRHY stock traded down $0.04 during trading hours on Friday, hitting $50.97. 421 shares of the stock were exchanged, compared to its average volume of 16,167. 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 market capitalization of $99.39 million, a P/E ratio of 14.81 and a beta of 0.21. The company has a 50-day simple moving average of $50.98 and a two-hundred day simple moving average of $51.12.

iShares High Yield Active ETF Announces Dividend

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

Hedge Funds 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 stake in iShares High Yield Active ETF (NASDAQ:BRHY) during the 3rd quarter, according to the company in its most recent 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 filing with the Securities and Exchange Commission.

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.