Short Interest in iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Drops By 51.8%

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 43,450 shares, a decline of 51.8% from the June 30th total of 90,076 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 161,929 shares, the short-interest ratio is presently 0.3 days.

iShares Intermediate Muni Income Active ETF Stock Performance

Shares of NYSEARCA INMU traded down $0.02 during mid-day trading on Thursday, hitting $23.81. 75,821 shares of the stock were exchanged, compared to its average volume of 202,105. The stock’s fifty day simple moving average is $24.09 and its two-hundred day simple moving average is $24.16. iShares Intermediate Muni Income Active ETF has a twelve month low of $23.35 and a twelve month high of $24.58.

Hedge Funds Weigh In On iShares Intermediate Muni Income Active ETF

Several institutional investors have recently bought and sold shares of INMU. Bank of New York Mellon Corp bought a new stake in shares of iShares Intermediate Muni Income Active ETF during the first quarter worth $1,983,000. JPMorgan Chase & Co. raised its holdings in shares of iShares Intermediate Muni Income Active ETF by 2,260.9% in the fourth quarter. JPMorgan Chase & Co. now owns 1,628,368 shares of the company’s stock valued at $39,146,000 after buying an additional 1,559,395 shares during the last quarter. Magnolia Private Wealth LLC acquired a new position in iShares Intermediate Muni Income Active ETF during the 4th quarter worth about $313,000. Private Trust Co. NA acquired a new position in iShares Intermediate Muni Income Active ETF during the 4th quarter worth about $116,000. Finally, Farther Finance Advisors LLC acquired a new position in iShares Intermediate Muni Income Active ETF during the 4th quarter worth about $65,000.

iShares Intermediate Muni Income Active ETF Company Profile

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.