iShares Total Return Active ETF (NASDAQ:BRTR) Sees Significant Decline in Short Interest

iShares Total Return Active ETF (NASDAQ:BRTR) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 47,653 shares, a decline of 63.0% from the September 30th total of 128,760 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 187,726 shares, the days-to-cover ratio is currently 0.3 days.

iShares Total Return Active ETF Stock Up 0.3%

Shares of BRTR stock traded up $0.14 on Friday, reaching $48.68. The stock had a trading volume of 135,559 shares, compared to its average volume of 101,612. iShares Total Return Active ETF has a 12 month low of $47.52 and a 12 month high of $51.68. The firm has a market capitalization of $851.90 million, a price-to-earnings ratio of 22.72 and a beta of 0.18. The firm’s 50-day moving average is $48.53 and its two-hundred day moving average is $49.87.

iShares Total Return Active ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.1905 per share. This represents a $2.29 annualized dividend and a yield of 4.7%. The ex-dividend date was Thursday, October 1st. This is a negative change from iShares Total Return Active ETF’s previous monthly dividend of $0.1948.

Institutional Investors Weigh In On iShares Total Return Active ETF

A number of hedge funds and other institutional investors have recently modified their holdings of BRTR. Greatmark Investment Partners Inc. bought a new position in iShares Total Return Active ETF during the third quarter worth about $310,000. Ethos Financial Group LLC raised its stake in iShares Total Return Active ETF by 92.5% in the 1st quarter. Ethos Financial Group LLC now owns 87,712 shares of the company’s stock worth $4,402,000 after purchasing an additional 42,141 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in iShares Total Return Active ETF by 242.1% in the 1st quarter. Arkadios Wealth Advisors now owns 276,840 shares of the company’s stock valued at $13,895,000 after purchasing an additional 195,923 shares during the period.

iShares Total Return Active ETF Company Profile

The iShares Total Return Active ETF (BRTR) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed ETF that broadly invests in corporate and government fixed income securities from around the world. Securities could be of any maturity while limiting investments in junk bonds to 20%. BRTR was launched on Dec 12, 2023 and is issued by BlackRock.