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

iShares High Yield Muni Income Active ETF (BATS:SHYM) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 60,336 shares, a decrease of 38.1% from the August 15th total of 97,417 shares. Based on an average daily volume of 196,254 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the shares of the stock are sold short.

iShares High Yield Muni Income Active ETF Price Performance

Shares of SHYM opened at $21.69 on Wednesday. iShares High Yield Muni Income Active ETF has a 1 year low of $21.66 and a 1 year high of $22.53. The stock has a 50 day simple moving average of $22.10 and a 200-day simple moving average of $22.18.

Institutional Trading of iShares High Yield Muni Income Active ETF

A number of large investors have recently bought and sold shares of SHYM. Weitzel Financial Services Inc. grew its position in iShares High Yield Muni Income Active ETF by 69.4% in the second quarter. Weitzel Financial Services Inc. now owns 28,327 shares of the company’s stock valued at $634,000 after acquiring an additional 11,601 shares during the period. Wealth Advisors of Tampa Bay LLC bought a new position in shares of iShares High Yield Muni Income Active ETF during the fourth quarter valued at $1,000,000. Janney Montgomery Scott LLC lifted its holdings in shares of iShares High Yield Muni Income Active ETF by 117.0% during the first quarter. Janney Montgomery Scott LLC now owns 84,006 shares of the company’s stock valued at $1,850,000 after acquiring an additional 45,287 shares during the period. Finally, FourThought Financial Partners LLC lifted its holdings in shares of iShares High Yield Muni Income Active ETF by 0.4% during the fourth quarter. FourThought Financial Partners LLC now owns 106,073 shares of the company’s stock valued at $2,357,000 after acquiring an additional 474 shares during the period.

About iShares High Yield Muni Income Active ETF

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.