iShares High Yield Muni Active ETF (BATS:HIMU) Sees Large Decline in Short Interest

iShares High Yield Muni Active ETF (BATS:HIMU) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 293,343 shares, a decrease of 50.5% from the August 15th total of 592,670 shares. Based on an average daily volume of 365,699 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.8% of the company’s shares are short sold.

iShares High Yield Muni Active ETF Price Performance

Shares of iShares High Yield Muni Active ETF stock traded down $0.24 during trading on Tuesday, hitting $46.66. 391,820 shares of the company were exchanged, compared to its average volume of 483,936. iShares High Yield Muni Active ETF has a 1-year low of $46.67 and a 1-year high of $49.94. The firm’s fifty day moving average price is $48.42 and its 200 day moving average price is $48.62.

Hedge Funds Weigh In On iShares High Yield Muni Active ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in HIMU. Arkadios Wealth Advisors increased its holdings in shares of iShares High Yield Muni Active ETF by 14.5% in the first quarter. Arkadios Wealth Advisors now owns 13,243 shares of the company’s stock worth $635,000 after acquiring an additional 1,673 shares in the last quarter. Bessemer Group Inc. bought a new position in shares of iShares High Yield Muni Active ETF during the 1st quarter valued at about $144,000. Manning & Napier Advisors LLC bought a new position in shares of iShares High Yield Muni Active ETF during the 1st quarter valued at about $255,000. Ascentis Independent Advisors acquired a new position in shares of iShares High Yield Muni Active ETF in the 1st quarter valued at approximately $33,000. Finally, Janney Montgomery Scott LLC grew its position in shares of iShares High Yield Muni Active ETF by 5.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 121,906 shares of the company’s stock valued at $5,849,000 after purchasing an additional 5,757 shares during the period.

iShares High Yield Muni Active ETF Company Profile

The iShares High Yield Muni Active ETF (HIMU) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking to provide a high level of income exempt from federal income tax through high-yield US municipal bonds. HIMU was launched on Feb 7, 2025 and is issued by BlackRock.