iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Short Interest Down 92.9% in August

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 4,035 shares, a drop of 92.9% from the August 15th total of 56,641 shares. Based on an average trading volume of 152,631 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

iShares Intermediate Muni Income Active ETF Trading Down 0.4%

INMU stock traded down $0.10 during midday trading on Thursday, reaching $23.26. 565,083 shares of the stock were exchanged, compared to its average volume of 206,446. iShares Intermediate Muni Income Active ETF has a 52 week low of $23.24 and a 52 week high of $24.58. The company has a fifty day moving average price of $23.82 and a 200 day moving average price of $24.02.

Institutional Trading of iShares Intermediate Muni Income Active ETF

Several hedge funds and other institutional investors have recently made changes to their positions in INMU. JPMorgan Chase & Co. acquired a new position in shares of iShares Intermediate Muni Income Active ETF in the second quarter valued at approximately $155,000. Magnolia Private Wealth LLC acquired a new stake in iShares Intermediate Muni Income Active ETF during the 4th quarter worth approximately $313,000. Finally, Bank of New York Mellon Corp acquired a new stake in iShares Intermediate Muni Income Active ETF during the 1st quarter worth approximately $1,983,000.

About iShares Intermediate Muni Income Active ETF

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.