iShares High Yield Active ETF (NASDAQ:BRHY) Short Interest Update

iShares High Yield Active ETF (NASDAQ:BRHY) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totaling 4,564 shares, a decline of 42.3% from the November 30th total of 7,916 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 10,142 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 10,142 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the shares of the stock are short sold.

iShares High Yield Active ETF Price Performance

Shares of NASDAQ:BRHY opened at $51.44 on Tuesday. The company has a market cap of $79.73 million, a price-to-earnings ratio of 14.81 and a beta of 0.24. The firm has a 50 day simple moving average of $51.78 and a 200 day simple moving average of $51.79. iShares High Yield Active ETF has a one year low of $48.27 and a one year high of $52.64.

iShares High Yield Active ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were paid a $0.2759 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Friday, December 19th.

Institutional Investors Weigh In On iShares High Yield Active ETF

A hedge fund recently bought a new stake in iShares High Yield Active ETF stock. Sunbelt Securities Inc. bought a new position in iShares High Yield Active ETF (NASDAQ:BRHY) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 as of its most recent SEC filing.

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.