iShares High Yield Active ETF (NASDAQ:BRHY) Sees Large Decrease in Short Interest

iShares High Yield Active ETF (NASDAQ:BRHY) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 4,209 shares, a decline of 76.4% from the September 15th total of 17,815 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 11,665 shares, the short-interest ratio is currently 0.4 days.

iShares High Yield Active ETF Trading Up 0.1%

NASDAQ:BRHY traded up $0.04 during trading hours on Monday, hitting $49.42. The stock had a trading volume of 4,075 shares, compared to its average volume of 19,377. iShares High Yield Active ETF has a 1-year low of $48.86 and a 1-year high of $53.16. The business has a 50 day simple moving average of $50.40 and a two-hundred day simple moving average of $50.72. The company has a market cap of $138.38 million, a PE ratio of 14.81 and a beta of 0.23.

iShares High Yield Active ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a dividend of $0.2599 per share. This represents a $3.12 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Thursday, October 1st. This is a negative change from iShares High Yield Active ETF’s previous monthly dividend of $0.2723.

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.