iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Stock Short Interest Rises 306.4%

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) was the target of a large growth in short interest during the month of October. As of October 30th, there was short interest totaling 213,483 shares, a growth of 306.4% from the October 15th total of 52,536 shares. Based on an average trading volume of 871,279 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp acquired a new stake in iShares Intermediate Muni Income Active ETF during the first quarter worth $1,983,000. Capital Planning LLC purchased a new stake in iShares Intermediate Muni Income Active ETF in the third quarter valued at $734,000. Finally, Fifth Third Securities Inc. purchased a new stake in iShares Intermediate Muni Income Active ETF in the third quarter valued at $362,000.

iShares Intermediate Muni Income Active ETF Stock Up 0.2%

INMU stock opened at $23.92 on Thursday. The firm’s 50 day moving average price is $23.31 and its 200-day moving average price is $23.90. iShares Intermediate Muni Income Active ETF has a one year low of $22.65 and a one year high of $24.58.

iShares Intermediate Muni Income Active ETF Company Profile

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.