iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Short Interest Down 92.9% in August

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 4,035 shares, a decline of 92.9% from the August 15th total of 56,641 shares. Based on an average trading volume of 152,631 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

iShares Intermediate Muni Income Active ETF Trading Up 0.2%

Shares of INMU traded up $0.04 during midday trading on Friday, hitting $23.30. The stock had a trading volume of 162,704 shares, compared to its average volume of 206,171. The stock’s 50 day moving average is $23.82 and its 200 day moving average is $24.02. iShares Intermediate Muni Income Active ETF has a 1 year low of $23.24 and a 1 year high of $24.58.

Institutional Trading of iShares Intermediate Muni Income Active ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in shares of iShares Intermediate Muni Income Active ETF during the second quarter valued at approximately $155,000. Magnolia Private Wealth LLC bought a new stake in shares of iShares Intermediate Muni Income Active ETF during the 4th quarter worth approximately $313,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of iShares Intermediate Muni Income Active ETF during the 1st quarter worth approximately $1,983,000.

About iShares Intermediate Muni Income Active ETF

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.