iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Shares Shorted: Short Interest Up 254.0% in September

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 14,282 shares, a growth of 254.0% from the August 31st total of 4,035 shares. Based on an average daily trading volume, of 399,308 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Intermediate Muni Income Active ETF

An institutional investor recently bought a new stake in iShares Intermediate Muni Income Active ETF stock. Bank of New York Mellon Corp bought a new stake in iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 82,956 shares of the company’s stock, valued at approximately $1,983,000. Bank of New York Mellon Corp owned 0.44% of iShares Intermediate Muni Income Active ETF at the end of the most recent reporting period.

iShares Intermediate Muni Income Active ETF Trading Down 0.7%

Shares of INMU stock opened at $22.86 on Friday. iShares Intermediate Muni Income Active ETF has a twelve month low of $22.76 and a twelve month high of $24.58. The stock has a 50 day moving average of $23.62 and a 200 day moving average of $23.93.

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.