iShares High Yield Muni Income Active ETF (BATS:HYMU) Stock Price Down 3.9% – Here’s What Happened

iShares High Yield Muni Income Active ETF (BATS:HYMU) traded down 3.9% during mid-day trading on Tuesday . The company traded as low as $21.33 and last traded at $21.63. 253,258 shares were traded during trading, an increase of 169% from the average session volume of 94,081 shares. The stock had previously closed at $22.51.

iShares High Yield Muni Income Active ETF Price Performance

The firm’s fifty day simple moving average is $22.79 and its 200 day simple moving average is $22.86.

iShares High Yield Muni Income Active ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a $0.0793 dividend. The ex-dividend date was Monday, February 3rd.

Hedge Funds Weigh In On iShares High Yield Muni Income Active ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYMU. Mascagni Wealth Management Inc. purchased a new stake in shares of iShares High Yield Muni Income Active ETF in the fourth quarter valued at $95,000. Sunbelt Securities Inc. lifted its stake in iShares High Yield Muni Income Active ETF by 89.3% in the 4th quarter. Sunbelt Securities Inc. now owns 7,445 shares of the company’s stock worth $169,000 after acquiring an additional 3,513 shares in the last quarter. Tolleson Wealth Management Inc. acquired a new stake in iShares High Yield Muni Income Active ETF during the 4th quarter worth about $1,531,000. Redwood Investment Management LLC acquired a new stake in iShares High Yield Muni Income Active ETF during the 4th quarter worth about $201,000. Finally, Cary Street Partners Financial LLC purchased a new position in iShares High Yield Muni Income Active ETF during the 4th quarter valued at about $202,000.

About iShares High Yield Muni Income Active ETF

The BlackRock High Yield Muni Income Bond ETF (HYMU) is an exchange-traded fund that is based on the BBG Barc Custom Blend index. The fund is actively managed to provide exposure to primarily high-yield US municipal bonds that are exempt from federal income tax. HYMU was launched on Mar 16, 2021 and is managed by BlackRock.