Short Interest in iShares High Yield Active ETF (NASDAQ:BRHY) Increases By 159.3%

iShares High Yield Active ETF (NASDAQ:BRHYGet Free Report) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,267 shares, a growth of 159.3% from the June 15th total of 2,031 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 24,387 shares, the days-to-cover ratio is currently 0.2 days.

iShares High Yield Active ETF Price Performance

Shares of BRHY opened at $50.93 on Tuesday. iShares High Yield Active ETF has a 1-year low of $49.88 and a 1-year high of $53.16. The stock has a market cap of $132.42 million, a price-to-earnings ratio of 14.81 and a beta of 0.21. The firm has a 50 day simple moving average of $50.97 and a 200-day simple moving average of $51.09.

iShares High Yield Active ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.2572 per share. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Wednesday, July 1st.

Hedge Funds Weigh In On iShares High Yield Active ETF

An institutional investor recently bought a new position in iShares High Yield Active ETF stock. Sunbelt Securities Inc. acquired a new stake in iShares High Yield Active ETF (NASDAQ:BRHYFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,453 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned approximately 0.22% of iShares High Yield Active ETF as of its most recent SEC filing.

About iShares High Yield Active ETF

(Get Free Report)

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.

See Also

Receive News & Ratings for iShares High Yield Active ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares High Yield Active ETF and related companies with MarketBeat.com's FREE daily email newsletter.