Short Interest in iShares High Yield Active ETF (NASDAQ:BRHY) Increases By 195.2%

iShares High Yield Active ETF (NASDAQ:BRHY) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 6,200 shares, an increase of 195.2% from the March 15th total of 2,100 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 3.9 days.

iShares High Yield Active ETF Trading Up 0.3 %

NASDAQ BRHY traded up $0.13 during trading hours on Thursday, hitting $49.80. 628 shares of the company’s stock traded hands, compared to its average volume of 1,507. iShares High Yield Active ETF has a 52 week low of $48.27 and a 52 week high of $52.20. The firm has a market capitalization of $99.60 million and a P/E ratio of 17.31. The business’s fifty day moving average price is $50.60 and its two-hundred day moving average price is $51.05.

iShares High Yield Active ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were given a dividend of $0.2728 per share. This represents a $3.27 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date was Tuesday, April 1st.

Hedge Funds Weigh In On iShares High Yield Active ETF

A hedge fund recently bought a new stake in iShares High Yield Active ETF stock. Anchor Investment Management LLC purchased a new stake in shares of iShares High Yield Active ETF (NASDAQ:BRHY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,214 shares of the company’s stock, valued at approximately $62,000. Anchor Investment Management LLC owned 0.06% of iShares High Yield Active ETF as of its most recent filing with the Securities & Exchange Commission.

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.