iShares High Yield Active ETF (NASDAQ:BRHY) Sees Significant Decrease in Short Interest

iShares High Yield Active ETF (NASDAQ:BRHY) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 12,960 shares, a drop of 13.4% from the January 15th total of 14,964 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 26,410 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 26,410 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.8% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares High Yield Active ETF

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 third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,453 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned 0.22% of iShares High Yield Active ETF at the end of the most recent quarter.

iShares High Yield Active ETF Stock Performance

iShares High Yield Active ETF stock opened at $51.52 on Tuesday. iShares High Yield Active ETF has a 52 week low of $48.27 and a 52 week high of $52.64. The stock has a market capitalization of $87.58 million, a P/E ratio of 14.81 and a beta of 0.24. The stock has a 50-day simple moving average of $51.53 and a 200 day simple moving average of $51.80.

iShares High Yield Active ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.2806 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This is a positive change from iShares High Yield Active ETF’s previous monthly dividend of $0.28. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%.

About iShares High Yield Active ETF

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.