iShares High Yield Active ETF (NASDAQ:BRHY – Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 19,017 shares, a growth of 261.1% from the June 30th total of 5,267 shares. Approximately 0.7% of the shares of the stock are short sold. Based on an average trading volume of 34,857 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Trading of iShares High Yield Active ETF
A hedge fund recently bought a new position in iShares High Yield Active ETF stock. Sunbelt Securities Inc. purchased a new position in shares of iShares High Yield Active ETF (NASDAQ:BRHY – Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,453 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned approximately 0.22% of iShares High Yield Active ETF as of its most recent SEC filing.
iShares High Yield Active ETF Stock Down 0.1%
BRHY stock traded down $0.03 during midday trading on Tuesday, reaching $50.76. 4,703 shares of the company’s stock traded hands, compared to its average volume of 18,037. The company has a 50-day simple moving average of $50.98 and a two-hundred day simple moving average of $51.06. iShares High Yield Active ETF has a 1-year low of $49.88 and a 1-year high of $53.16. The company has a market cap of $134.51 million, a price-to-earnings ratio of 14.81 and a beta of 0.21.
iShares High Yield Active ETF Announces Dividend
iShares High Yield Active ETF Company Profile
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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