iShares High Yield Active ETF (NASDAQ:BRHY) Shares Shorted: Short Interest Up 163.0% in October

iShares High Yield Active ETF (NASDAQ:BRHY) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 1,912 shares, a growth of 163.0% from the October 15th total of 727 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 5,509 shares, the days-to-cover ratio is presently 0.3 days.

iShares High Yield Active ETF Price Performance

Shares of BRHY stock traded down $0.06 during midday trading on Friday, reaching $49.40. 9,448 shares of the company traded hands, compared to its average volume of 19,912. The firm’s 50 day simple moving average is $49.65 and its two-hundred day simple moving average is $50.64. iShares High Yield Active ETF has a 1-year low of $48.86 and a 1-year high of $53.16. The firm has a market cap of $130.92 million, a PE ratio of 14.81 and a beta of 0.22.

iShares High Yield Active ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were given a dividend of $0.2929 per share. The ex-dividend date of this dividend was Monday, November 2nd. This is a positive change from iShares High Yield Active ETF’s previous monthly dividend of $0.2599. This represents a $3.51 annualized dividend and a yield of 7.1%.

iShares High Yield Active ETF Company Profile

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.