Short Interest in iShares High Yield Muni Active ETF (BATS:HIMU) Drops By 49.3%

iShares High Yield Muni Active ETF (BATS:HIMU) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 51,294 shares, a drop of 49.3% from the May 31st total of 101,170 shares. Based on an average daily volume of 282,698 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

iShares High Yield Muni Active ETF Stock Performance

Shares of HIMU stock opened at $49.82 on Tuesday. iShares High Yield Muni Active ETF has a fifty-two week low of $46.82 and a fifty-two week high of $49.94. The company has a 50 day moving average price of $48.86 and a 200 day moving average price of $48.78.

Hedge Funds Weigh In On iShares High Yield Muni Active ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HIMU. Ameriprise Financial Inc. increased its position in shares of iShares High Yield Muni Active ETF by 81.8% during the third quarter. Ameriprise Financial Inc. now owns 385,541 shares of the company’s stock worth $18,961,000 after acquiring an additional 173,456 shares during the period. J.Safra Asset Management Corp acquired a new stake in shares of iShares High Yield Muni Active ETF during the 4th quarter worth about $7,888,000. JPMorgan Chase & Co. raised its holdings in iShares High Yield Muni Active ETF by 5.9% during the third quarter. JPMorgan Chase & Co. now owns 2,019,529 shares of the company’s stock worth $99,341,000 after purchasing an additional 112,744 shares in the last quarter. Tolleson Wealth Management Inc. lifted its position in iShares High Yield Muni Active ETF by 12.8% in the second quarter. Tolleson Wealth Management Inc. now owns 464,974 shares of the company’s stock valued at $22,612,000 after acquiring an additional 52,581 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of iShares High Yield Muni Active ETF by 70.5% in the 3rd quarter. NewEdge Advisors LLC now owns 122,774 shares of the company’s stock valued at $6,039,000 after purchasing an additional 50,759 shares during the last quarter.

iShares High Yield Muni Active ETF Company Profile

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.