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

iShares High Yield Active ETF (NASDAQ:BRHYGet Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 35,032 shares, a growth of 84.2% from the July 15th total of 19,017 shares. Based on an average trading volume of 24,275 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.3% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares High Yield Active ETF

A hedge fund recently bought a new position in iShares High Yield Active ETF stock. Sunbelt Securities Inc. bought a new stake in iShares High Yield Active ETF (NASDAQ:BRHYFree Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 SEC filing.

iShares High Yield Active ETF Trading Down 0.1%

BRHY traded down $0.06 during trading on Monday, hitting $50.99. The company’s stock had a trading volume of 2,992 shares, compared to its average volume of 18,228. The firm has a market capitalization of $137.67 million, a price-to-earnings ratio of 14.81 and a beta of 0.21. iShares High Yield Active ETF has a twelve month low of $49.88 and a twelve month high of $53.16. The business’s fifty day simple moving average is $50.95 and its 200 day simple moving average is $50.98.

iShares High Yield Active ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a $0.2696 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.3%. This is an increase from iShares High Yield Active ETF’s previous monthly dividend of $0.26.

About iShares High Yield Active ETF

(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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