iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Shares Shorted: Short Interest Up 434.0% in September

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 76,272 shares, an increase of 434.0% from the September 15th total of 14,282 shares. Based on an average daily volume of 954,784 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares Intermediate Muni Income Active ETF

A hedge fund recently bought a new stake in iShares Intermediate Muni Income Active ETF stock. Bank of New York Mellon Corp purchased a new position in iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) in the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 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 quarter.

iShares Intermediate Muni Income Active ETF Price Performance

Shares of INMU traded up $0.07 during trading hours on Friday, reaching $22.92. 1,196,999 shares of the company’s stock traded hands, compared to its average volume of 286,252. iShares Intermediate Muni Income Active ETF has a twelve month low of $22.65 and a twelve month high of $24.58. The business’s fifty day simple moving average is $23.42 and its two-hundred day simple moving average is $23.84.

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.