Short Interest in iShares High Yield Active ETF (NASDAQ:BRHY) Declines By 99.2%

iShares High Yield Active ETF (NASDAQ:BRHYGet Free Report) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 2,031 shares, a drop of 99.2% from the May 31st total of 263,231 shares. Based on an average daily trading volume, of 9,264 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

iShares High Yield Active ETF Stock Performance

Shares of NASDAQ BRHY traded up $0.02 during midday trading on Thursday, reaching $51.01. 13,822 shares of the company’s stock were exchanged, compared to its average volume of 16,299. The stock has a market capitalization of $99.47 million, a PE ratio of 14.81 and a beta of 0.21. iShares High Yield Active ETF has a 52-week low of $49.88 and a 52-week high of $53.16. The business’s fifty day moving average price is $50.98 and its two-hundred day moving average price is $51.12.

iShares High Yield Active ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a $0.2788 dividend. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Friday, May 1st.

Hedge Funds Weigh In On iShares High Yield Active ETF

An institutional investor recently bought a new position in iShares High Yield Active ETF stock. Sunbelt Securities Inc. bought a new position in iShares High Yield Active ETF (NASDAQ:BRHYFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

iShares High Yield Active ETF Company Profile

(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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