Short Interest in iShares High Yield Active ETF (NASDAQ:BRHY) Drops By 99.2%

iShares High Yield Active ETF (NASDAQ:BRHY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,031 shares, a drop of 99.2% from the May 31st total of 263,231 shares. Based on an average daily volume of 9,264 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

iShares High Yield Active ETF Stock Performance

Shares of NASDAQ:BRHY remained flat at $51.01 during trading on Friday. The stock had a trading volume of 989 shares, compared to its average volume of 16,173. iShares High Yield Active ETF has a 12 month low of $49.88 and a 12 month high of $53.16. The company has a market cap of $99.47 million, a price-to-earnings ratio of 14.81 and a beta of 0.21. The company’s 50 day moving average is $50.98 and its 200-day moving average is $51.12.

iShares High Yield Active ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.2788 dividend. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in iShares High Yield Active ETF stock. Sunbelt Securities Inc. purchased a new stake in iShares High Yield Active ETF (NASDAQ:BRHY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,453 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned about 0.22% of iShares High Yield Active ETF as of its most recent filing with the Securities and Exchange Commission.

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.