iShares High Yield Active ETF (NASDAQ:BRHY) Sees Significant Increase in Short Interest

iShares High Yield Active ETF (NASDAQ:BRHY) was the target of a significant 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. Based on an average daily volume of 77,329 shares, the short-interest ratio is currently 3.4 days. Approximately 13.5% of the shares of the company are sold short.

iShares High Yield Active ETF Stock Up 0.2%

NASDAQ:BRHY traded up $0.08 during mid-day trading on Tuesday, hitting $50.85. 4,869 shares of the company traded hands, compared to its average volume of 15,445. The stock’s fifty day moving average price is $50.87 and its 200-day moving average price is $51.20. iShares High Yield Active ETF has a one year low of $49.88 and a one year high of $53.16. The firm has a market cap of $99.16 million, a price-to-earnings ratio of 14.81 and a beta of 0.21.

iShares High Yield Active ETF Announces Dividend

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

Institutional Trading of iShares High Yield Active ETF

An institutional investor recently bought a new position in iShares High Yield Active ETF stock. Sunbelt Securities Inc. purchased a new stake in shares of iShares High Yield Active ETF (NASDAQ:BRHY) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 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 filing with the Securities & Exchange Commission.

iShares High Yield Active ETF Company Profile

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.