iShares High Yield Active ETF (NASDAQ:BRHY – Get Free Report) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 263,231 shares, a growth of 3,146.6% from the May 14th total of 8,108 shares. Currently, 13.5% of the company’s shares are sold short. Based on an average daily volume of 77,329 shares, the days-to-cover ratio is currently 3.4 days.
iShares High Yield Active ETF Stock Performance
Shares of BRHY opened at $50.76 on Thursday. The stock has a market cap of $98.98 million, a P/E ratio of 14.81 and a beta of 0.21. The stock has a 50-day moving average of $50.90 and a two-hundred day moving average of $51.19. iShares High Yield Active ETF has a one year low of $49.88 and a one year high of $53.16.
iShares High Yield Active ETF Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a $0.2788 dividend. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date was Friday, May 1st.
Hedge Funds Weigh In On iShares High Yield Active ETF
About iShares High Yield Active ETF
The iShares High Yield Active ETF (BRHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund seeks to maximize total return by actively managing a portfolio of high-yield corporate bonds with maturities of ten years or less. BRHY was launched on Jun 17, 2024 and is issued by BlackRock.
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