iShares High Yield Active ETF (NASDAQ:BRHY) Sees Significant Increase in Short Interest

iShares High Yield Active ETF (NASDAQ:BRHY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 35,032 shares, a growth of 84.2% from the July 15th total of 19,017 shares. Based on an average trading volume of 24,275 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.3% of the shares of the stock are sold short.

iShares High Yield Active ETF Price Performance

NASDAQ BRHY opened at $50.95 on Tuesday. The stock’s 50 day simple moving average is $50.96 and its 200-day simple moving average is $50.97. The company has a market cap of $137.56 million, a PE ratio of 14.81 and a beta of 0.21. iShares High Yield Active ETF has a 1-year low of $49.88 and a 1-year high of $53.16.

iShares High Yield Active ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a $0.2696 dividend. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Monday, August 3rd. This is an increase from iShares High Yield Active ETF’s previous monthly dividend of $0.26.

Institutional Investors Weigh In On iShares High Yield Active ETF

A hedge fund recently bought a new stake in iShares High Yield Active ETF stock. Sunbelt Securities Inc. purchased a new position in iShares High Yield Active ETF (NASDAQ:BRHY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

About iShares High Yield Active ETF

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.