iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Sees Large Growth in Short Interest

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 56,466 shares, a growth of 246.2% from the May 14th total of 16,310 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 300,489 shares, the short-interest ratio is presently 0.2 days.

iShares Intermediate Muni Income Active ETF Stock Performance

INMU traded down $0.03 during trading on Friday, reaching $24.11. The stock had a trading volume of 125,796 shares, compared to its average volume of 200,999. iShares Intermediate Muni Income Active ETF has a 1-year low of $23.26 and a 1-year high of $24.58. The stock has a 50 day moving average of $24.08 and a two-hundred day moving average of $24.15.

Institutional Trading of iShares Intermediate Muni Income Active ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in shares of iShares Intermediate Muni Income Active ETF by 2,260.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,628,368 shares of the company’s stock worth $39,146,000 after purchasing an additional 1,559,395 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in iShares Intermediate Muni Income Active ETF during the 1st quarter valued at about $1,983,000. Magnolia Private Wealth LLC purchased a new position in iShares Intermediate Muni Income Active ETF during the 4th quarter valued at about $313,000. Private Trust Co. NA purchased a new stake in iShares Intermediate Muni Income Active ETF in the 4th quarter worth approximately $116,000. Finally, Farther Finance Advisors LLC purchased a new stake in iShares Intermediate Muni Income Active ETF in the 4th quarter worth approximately $65,000.

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.