iShares High Yield Muni Income Active ETF (BATS:SHYM) Stock Short Interest Rises 7,711.1%

iShares High Yield Muni Income Active ETF (BATS:SHYM) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 866,880 shares, a growth of 7,711.1% from the September 15th total of 11,098 shares. Based on an average daily trading volume, of 831,041 shares, the days-to-cover ratio is presently 1.0 days. Currently, 5.8% of the company’s shares are short sold.

iShares High Yield Muni Income Active ETF Stock Performance

SHYM opened at $21.40 on Friday. The business has a 50-day moving average of $21.81 and a two-hundred day moving average of $22.07. iShares High Yield Muni Income Active ETF has a 12 month low of $21.14 and a 12 month high of $22.53.

Institutional Investors Weigh In On iShares High Yield Muni Income Active ETF

A number of institutional investors have recently bought and sold shares of SHYM. Farther Finance Advisors LLC boosted its holdings in shares of iShares High Yield Muni Income Active ETF by 469.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 36,018 shares of the company’s stock valued at $770,000 after purchasing an additional 29,697 shares during the last quarter. Weitzel Financial Services Inc. raised its position in shares of iShares High Yield Muni Income Active ETF by 69.4% in the 2nd quarter. Weitzel Financial Services Inc. now owns 28,327 shares of the company’s stock worth $634,000 after buying an additional 11,601 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in iShares High Yield Muni Income Active ETF by 117.0% in the first quarter. Janney Montgomery Scott LLC now owns 84,006 shares of the company’s stock valued at $1,850,000 after acquiring an additional 45,287 shares during the last quarter.

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.