Short Interest in iShares High Yield Active ETF (NASDAQ:BRHY) Expands By 159.3%

iShares High Yield Active ETF (NASDAQ:BRHYGet Free Report) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 5,267 shares, a growth of 159.3% from the June 15th total of 2,031 shares. Based on an average daily trading volume, of 24,387 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares High Yield Active ETF

A hedge fund recently bought a new stake in iShares High Yield Active ETF stock. Sunbelt Securities Inc. purchased a new position in shares of iShares High Yield Active ETF (NASDAQ:BRHYFree Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.

iShares High Yield Active ETF Trading Up 0.2%

Shares of BRHY opened at $51.09 on Thursday. The company’s fifty day simple moving average is $50.98 and its 200 day simple moving average is $51.09. iShares High Yield Active ETF has a 1-year low of $49.88 and a 1-year high of $53.16. The company has a market cap of $132.83 million, a price-to-earnings ratio of 14.81 and a beta of 0.21.

iShares High Yield Active ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.2572 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 6.0%.

iShares High Yield Active ETF Company Profile

(Get Free Report)

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.

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