Short Interest in iShares High Yield Active ETF (NASDAQ:BRHY) Decreases By 87.0%

iShares High Yield Active ETF (NASDAQ:BRHY) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 1,331 shares, a decline of 87.0% from the February 12th total of 10,273 shares. Based on an average trading volume of 10,481 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 10,481 shares, the days-to-cover ratio is presently 0.1 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. bought a new position in shares of iShares High Yield Active ETF (NASDAQ:BRHY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 as of its most recent filing with the Securities and Exchange Commission.

iShares High Yield Active ETF Trading Down 0.1%

BRHY stock opened at $50.79 on Wednesday. iShares High Yield Active ETF has a 1-year low of $48.27 and a 1-year high of $52.64. The business’s 50 day simple moving average is $51.49 and its 200 day simple moving average is $51.76. The firm has a market capitalization of $86.34 million, a PE ratio of 14.81 and a beta of 0.24.

iShares High Yield Active ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.2665 per share. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Monday, March 2nd.

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.