iShares High Yield Muni Income Active ETF (BATS:SHYM) Sees Significant Decline in Short Interest

iShares High Yield Muni Income Active ETF (BATS:SHYM) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 80,041 shares, a decrease of 60.4% from the April 30th total of 201,871 shares. Based on an average trading volume of 293,476 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares High Yield Muni Income Active ETF

A number of large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. acquired a new stake in iShares High Yield Muni Income Active ETF during the third quarter worth about $8,342,000. FourThought Financial Partners LLC lifted its holdings in shares of iShares High Yield Muni Income Active ETF by 0.4% in the fourth quarter. FourThought Financial Partners LLC now owns 106,073 shares of the company’s stock worth $2,357,000 after acquiring an additional 474 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of iShares High Yield Muni Income Active ETF by 117.0% in the first quarter. Janney Montgomery Scott LLC now owns 84,006 shares of the company’s stock worth $1,850,000 after acquiring an additional 45,287 shares during the last quarter. Wealth Advisors of Tampa Bay LLC bought a new position in shares of iShares High Yield Muni Income Active ETF in the fourth quarter worth about $1,000,000. Finally, Weitzel Financial Services Inc. lifted its holdings in shares of iShares High Yield Muni Income Active ETF by 72.2% in the fourth quarter. Weitzel Financial Services Inc. now owns 16,306 shares of the company’s stock worth $363,000 after acquiring an additional 6,836 shares during the last quarter.

iShares High Yield Muni Income Active ETF Stock Performance

SHYM stock opened at $22.30 on Friday. iShares High Yield Muni Income Active ETF has a 52 week low of $21.90 and a 52 week high of $22.53. The company’s 50-day simple moving average is $22.14 and its 200 day simple moving average is $22.26.

iShares High Yield Muni Income Active ETF Company Profile

The iShares High Yield Muni Income Active ETF (SHYM) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed to provide exposure to primarily high-yield US municipal bonds that are exempt from federal income tax. SHYM was launched on Mar 16, 2021 and is issued by BlackRock.