iShares High Yield Active ETF (NASDAQ:BRHY – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 3,639 shares, a growth of 161.0% from the March 15th total of 1,394 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 4,226 shares, the days-to-cover ratio is currently 0.9 days.
iShares High Yield Active ETF Price Performance
Shares of NASDAQ:BRHY opened at $50.78 on Friday. The business has a fifty day moving average price of $50.93 and a two-hundred day moving average price of $51.49. The company has a market capitalization of $99.02 million, a PE ratio of 14.81 and a beta of 0.26. iShares High Yield Active ETF has a 1 year low of $49.00 and a 1 year high of $52.64.
iShares High Yield Active ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were paid a $0.2716 dividend. This is an increase from iShares High Yield Active ETF’s previous monthly dividend of $0.27. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 6.4%.
Hedge Funds Weigh In On iShares High Yield Active ETF
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.
Further Reading
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