iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Short Interest Down 51.8% in July

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 43,450 shares, a decline of 51.8% from the June 30th total of 90,076 shares. Based on an average trading volume of 161,929 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

iShares Intermediate Muni Income Active ETF Price Performance

Shares of iShares Intermediate Muni Income Active ETF stock remained flat at $23.84 during midday trading on Tuesday. 148,836 shares of the company traded hands, compared to its average volume of 202,596. The business has a 50-day moving average price of $24.09 and a two-hundred day moving average price of $24.16. iShares Intermediate Muni Income Active ETF has a 52-week low of $23.32 and a 52-week high of $24.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in INMU. Farther Finance Advisors LLC acquired a new stake in shares of iShares Intermediate Muni Income Active ETF during the fourth quarter worth $65,000. Private Trust Co. NA acquired a new position in shares of iShares Intermediate Muni Income Active ETF in the 4th quarter valued at $116,000. JPMorgan Chase & Co. purchased a new position in iShares Intermediate Muni Income Active ETF in the 2nd quarter worth $155,000. Magnolia Private Wealth LLC purchased a new position in iShares Intermediate Muni Income Active ETF in the 4th quarter worth $313,000. Finally, Bank of New York Mellon Corp acquired a new stake in iShares Intermediate Muni Income Active ETF during the 1st quarter worth about $1,983,000.

About iShares Intermediate Muni Income Active ETF

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.