iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Short Interest Update

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMUGet Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 56,641 shares, a growth of 75.1% from the July 30th total of 32,349 shares. Based on an average daily trading volume, of 203,093 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in INMU. Farther Finance Advisors LLC purchased a new stake in iShares Intermediate Muni Income Active ETF during the 4th quarter worth approximately $65,000. JPMorgan Chase & Co. purchased a new position in iShares Intermediate Muni Income Active ETF in the 2nd quarter valued at approximately $155,000. Magnolia Private Wealth LLC purchased a new position in iShares Intermediate Muni Income Active ETF in the 4th quarter valued at approximately $313,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of iShares Intermediate Muni Income Active ETF in the first quarter worth $1,983,000.

iShares Intermediate Muni Income Active ETF Price Performance

INMU opened at $23.69 on Monday. The stock’s 50-day moving average price is $23.96 and its 200 day moving average price is $24.09. iShares Intermediate Muni Income Active ETF has a 12-month low of $23.41 and a 12-month high of $24.58.

iShares Intermediate Muni Income Active ETF Company Profile

(Get Free Report)

The BlackRock Intermediate Muni Income Bond ETF (INMU) is an exchange-traded fund that is based on the BBG Barc Municipal Bond 1-15Yr index. The BlackRock Intermediate Muni Income Bond ETF (the Fund) seeks to maximize tax-free current income. INMU was launched on Mar 16, 2021 and is managed by BlackRock.

Further Reading

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