iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU – Get Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 16,310 shares, a drop of 65.0% from the April 30th total of 46,638 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 153,504 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On iShares Intermediate Muni Income Active ETF
Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC acquired a new position in iShares Intermediate Muni Income Active ETF during the 4th quarter valued at about $65,000. Private Trust Co. NA bought a new position in shares of iShares Intermediate Muni Income Active ETF in the fourth quarter valued at approximately $116,000. JPMorgan Chase & Co. bought a new position in shares of iShares Intermediate Muni Income Active ETF in the second quarter valued at approximately $155,000. Magnolia Private Wealth LLC acquired a new position in shares of iShares Intermediate Muni Income Active ETF during the fourth quarter valued at approximately $313,000. Finally, Bank of New York Mellon Corp bought a new stake in iShares Intermediate Muni Income Active ETF during the first quarter worth approximately $1,983,000.
iShares Intermediate Muni Income Active ETF Stock Up 0.2%
INMU traded up $0.06 on Friday, reaching $24.14. 144,678 shares of the company’s stock were exchanged, compared to its average volume of 208,699. The company’s 50 day moving average is $24.04 and its 200-day moving average is $24.15. iShares Intermediate Muni Income Active ETF has a twelve month low of $23.24 and a twelve month high of $24.58.
iShares Intermediate Muni Income Active ETF Company Profile
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.
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