iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Stock Short Interest Climbs 254.0%

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 14,282 shares, a growth of 254.0% from the August 31st total of 4,035 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 399,308 shares, the short-interest ratio is presently 0.0 days.

iShares Intermediate Muni Income Active ETF Stock Down 0.7%

Shares of NYSEARCA:INMU traded down $0.17 during mid-day trading on Friday, reaching $22.86. 702,105 shares of the stock were exchanged, compared to its average volume of 242,172. The stock’s 50 day simple moving average is $23.62 and its 200-day simple moving average is $23.93. iShares Intermediate Muni Income Active ETF has a one year low of $22.76 and a one year high of $24.58.

Hedge Funds Weigh In On iShares Intermediate Muni Income Active ETF

An institutional investor recently bought a new position in iShares Intermediate Muni Income Active ETF stock. Bank of New York Mellon Corp acquired a new stake in iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 82,956 shares of the company’s stock, valued at approximately $1,983,000. Bank of New York Mellon Corp owned about 0.44% of iShares Intermediate Muni Income Active ETF as of its most recent SEC filing.

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.