iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Short Interest Up 367.1% in April

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 46,638 shares, a growth of 367.1% from the April 15th total of 9,985 shares. Based on an average daily volume of 119,972 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

iShares Intermediate Muni Income Active ETF Stock Down 0.2%

Shares of INMU stock opened at $24.06 on Wednesday. iShares Intermediate Muni Income Active ETF has a 52-week low of $23.19 and a 52-week high of $24.58. The company has a 50-day simple moving average of $24.11 and a two-hundred day simple moving average of $24.16.

Institutional Investors Weigh In On iShares Intermediate Muni Income Active ETF

Institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new stake in iShares Intermediate Muni Income Active ETF in the 4th quarter worth about $65,000. Private Trust Co. NA bought a new stake in iShares Intermediate Muni Income Active ETF in the 4th quarter worth about $116,000. JPMorgan Chase & Co. bought a new stake in iShares Intermediate Muni Income Active ETF in the 2nd quarter worth about $155,000. Magnolia Private Wealth LLC bought a new stake in iShares Intermediate Muni Income Active ETF in the 4th quarter worth about $313,000. Finally, Bank of New York Mellon Corp bought a new stake in iShares Intermediate Muni Income Active ETF in the 1st quarter worth about $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.