iShares High Yield Active ETF (NASDAQ:BRHY) Sees Significant Decrease in Short Interest

iShares High Yield Active ETF (NASDAQ:BRHY) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 12,960 shares, a drop of 13.4% from the January 15th total of 14,964 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 26,410 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 26,410 shares, the short-interest ratio is presently 0.5 days. Currently, 0.8% of the company’s stock are short sold.

Institutional Investors 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. bought a new stake in iShares High Yield Active ETF (NASDAQ:BRHY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 at the end of the most recent quarter.

iShares High Yield Active ETF Stock Performance

NASDAQ:BRHY opened at $51.52 on Tuesday. iShares High Yield Active ETF has a 52-week low of $48.27 and a 52-week high of $52.64. The company has a market cap of $87.58 million, a P/E ratio of 14.81 and a beta of 0.24. The stock’s 50-day simple moving average is $51.53 and its 200 day simple moving average is $51.80.

iShares High Yield Active ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were given a dividend of $0.2806 per share. This is a positive change from iShares High Yield Active ETF’s previous monthly dividend of $0.28. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 6.5%.

About iShares High Yield Active ETF

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.