iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU – Get Free Report) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 56,641 shares, a growth of 75.1% from the July 30th total of 32,349 shares. Based on an average daily volume of 203,093 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.
Institutional Trading of iShares Intermediate Muni Income Active ETF
A number of large investors have recently made changes to their positions in INMU. JPMorgan Chase & Co. increased its position in shares of iShares Intermediate Muni Income Active ETF by 2,260.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,628,368 shares of the company’s stock valued at $39,146,000 after purchasing an additional 1,559,395 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of iShares Intermediate Muni Income Active ETF during the 1st quarter worth $1,983,000. Magnolia Private Wealth LLC purchased a new stake in shares of iShares Intermediate Muni Income Active ETF during the 4th quarter worth $313,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of iShares Intermediate Muni Income Active ETF during the fourth quarter worth $65,000.
iShares Intermediate Muni Income Active ETF Price Performance
INMU stock opened at $23.69 on Monday. The business’s 50-day moving average is $23.96 and its two-hundred day moving average is $24.09. iShares Intermediate Muni Income Active ETF has a 1 year low of $23.41 and a 1 year high of $24.58.
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.
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