iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU – Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 56,641 shares, an increase of 75.1% from the July 30th total of 32,349 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 203,093 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Investors Weigh In On iShares Intermediate Muni Income Active ETF
Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in iShares Intermediate Muni Income Active ETF in the 1st quarter worth about $1,983,000. JPMorgan Chase & Co. lifted its stake in iShares Intermediate Muni Income Active ETF by 2,260.9% in the fourth 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 during the last quarter. Magnolia Private Wealth LLC purchased a new position in shares of iShares Intermediate Muni Income Active ETF during the fourth quarter valued at approximately $313,000. Finally, Farther Finance Advisors LLC bought a new position in shares of iShares Intermediate Muni Income Active ETF during the fourth quarter valued at approximately $65,000.
iShares Intermediate Muni Income Active ETF Stock Performance
Shares of NYSEARCA INMU traded down $0.18 during trading hours on Tuesday, hitting $23.50. 122,501 shares of the company traded hands, compared to its average volume of 197,797. The company’s 50 day moving average price is $23.95 and its 200 day moving average price is $24.08. iShares Intermediate Muni Income Active ETF has a 12 month low of $23.41 and a 12 month high of $24.58.
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.
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