iShares High Yield Active ETF (NASDAQ:BRHY) Short Interest Up 84.2% in July

iShares High Yield Active ETF (NASDAQ:BRHY) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 35,032 shares, an increase of 84.2% from the July 15th total of 19,017 shares. Approximately 1.3% of the company’s shares are short sold. Based on an average daily volume of 24,275 shares, the days-to-cover ratio is currently 1.4 days.

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. purchased a new stake in iShares High Yield Active ETF (NASDAQ:BRHY) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,453 shares of the company’s stock, valued at approximately $180,000. Sunbelt Securities Inc. owned about 0.22% of iShares High Yield Active ETF at the end of the most recent reporting period.

iShares High Yield Active ETF Trading Up 0.1%

Shares of NASDAQ:BRHY traded up $0.03 during midday trading on Friday, hitting $51.05. The company had a trading volume of 10,624 shares, compared to its average volume of 18,327. iShares High Yield Active ETF has a 12 month low of $49.88 and a 12 month high of $53.16. The firm has a fifty day simple moving average of $50.95 and a 200 day simple moving average of $50.98. The stock has a market cap of $137.84 million, a price-to-earnings ratio of 14.81 and a beta of 0.21.

iShares High Yield Active ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were paid a $0.2696 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This is a positive change from iShares High Yield Active ETF’s previous monthly dividend of $0.26. This represents a c) annualized dividend and a yield of 6.3%.

iShares High Yield Active ETF Company Profile

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.