iShares High Yield Muni Income Active ETF (BATS:SHYM) Sees Large Decrease in Short Interest

iShares High Yield Muni Income Active ETF (BATS:SHYM) was the target of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 97,417 shares, a decline of 32.7% from the July 30th total of 144,724 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 228,013 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tsfg LLC lifted its holdings in iShares High Yield Muni Income Active ETF by 22.2% during the fourth quarter. Tsfg LLC now owns 2,750 shares of the company’s stock valued at $61,000 after purchasing an additional 500 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of iShares High Yield Muni Income Active ETF during the third quarter worth about $75,000. Integrated Wealth Concepts LLC acquired a new position in shares of iShares High Yield Muni Income Active ETF during the 3rd quarter worth about $221,000. NewEdge Advisors LLC purchased a new position in iShares High Yield Muni Income Active ETF in the 3rd quarter valued at about $246,000. Finally, Advisory Services Network LLC increased its position in shares of iShares High Yield Muni Income Active ETF by 11.7% during the fourth quarter. Advisory Services Network LLC now owns 14,351 shares of the company’s stock worth $319,000 after purchasing an additional 1,502 shares in the last quarter.

iShares High Yield Muni Income Active ETF Price Performance

Shares of BATS:SHYM opened at $22.00 on Tuesday. The business has a 50 day moving average of $22.22 and a two-hundred day moving average of $22.23. iShares High Yield Muni Income Active ETF has a 12-month low of $21.90 and a 12-month high of $22.53.

About iShares High Yield Muni Income Active ETF

The iShares High Yield Muni Income Active ETF (SHYM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed to provide exposure to primarily high-yield US municipal bonds that are exempt from federal income tax. SHYM was launched on Mar 16, 2021 and is issued by BlackRock.