iShares High Yield Muni Income Active ETF (BATS:SHYM) Short Interest Update

iShares High Yield Muni Income Active ETF (BATS:SHYM) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 47,864 shares, a drop of 40.8% from the May 31st total of 80,846 shares. Based on an average daily trading volume, of 204,187 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are short sold.

iShares High Yield Muni Income Active ETF Price Performance

SHYM opened at $22.45 on Wednesday. iShares High Yield Muni Income Active ETF has a 52-week low of $21.90 and a 52-week high of $22.53. The stock’s 50 day moving average price is $22.25 and its 200-day moving average price is $22.26.

Institutional Trading of iShares High Yield Muni Income Active ETF

Several large investors have recently added to or reduced their stakes in SHYM. Tsfg LLC increased its position in iShares High Yield Muni Income Active ETF by 22.2% during the 4th quarter. Tsfg LLC now owns 2,750 shares of the company’s stock valued at $61,000 after purchasing an additional 500 shares during the period. Sunbelt Securities Inc. purchased a new stake in shares of iShares High Yield Muni Income Active ETF in the 3rd quarter worth about $75,000. Integrated Wealth Concepts LLC bought a new stake in shares of iShares High Yield Muni Income Active ETF during the 3rd quarter valued at about $221,000. NewEdge Advisors LLC bought a new stake in shares of iShares High Yield Muni Income Active ETF during 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 valued at $319,000 after buying an additional 1,502 shares during the period.

iShares High Yield Muni Income Active ETF Company Profile

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.