iShares High Yield Muni Active ETF (BATS:HIMU) Sees Large Growth in Short Interest

iShares High Yield Muni Active ETF (BATS:HIMU) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 1,281,271 shares, a growth of 2,655.7% from the October 15th total of 46,495 shares. Based on an average trading volume of 967,126 shares, the days-to-cover ratio is presently 1.3 days. Currently, 2.1% of the company’s stock are short sold.

iShares High Yield Muni Active ETF Stock Performance

BATS:HIMU opened at $47.38 on Wednesday. The firm has a 50-day simple moving average of $46.52 and a two-hundred day simple moving average of $48.21. iShares High Yield Muni Active ETF has a fifty-two week low of $44.85 and a fifty-two week high of $49.94.

Hedge Funds Weigh In On iShares High Yield Muni Active ETF

Hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC bought a new stake in shares of iShares High Yield Muni Active ETF in the third quarter worth approximately $44,913,000. Central Bank & Trust Co. bought a new position in iShares High Yield Muni Active ETF during the third quarter valued at approximately $775,000. Arkadios Wealth Advisors boosted its holdings in iShares High Yield Muni Active ETF by 14.5% in the first quarter. Arkadios Wealth Advisors now owns 13,243 shares of the company’s stock worth $635,000 after purchasing an additional 1,673 shares during the last quarter. Thoroughbred Financial Services LLC purchased a new stake in iShares High Yield Muni Active ETF in the third quarter worth approximately $480,000. Finally, Morton Brown Family Wealth LLC purchased a new stake in iShares High Yield Muni Active ETF in the third quarter worth approximately $268,000.

About iShares High Yield Muni Active ETF

The iShares High Yield Muni Active ETF (HIMU) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking to provide a high level of income exempt from federal income tax through high-yield US municipal bonds. HIMU was launched on Feb 7, 2025 and is issued by BlackRock.