iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Sees Large Growth in Short Interest

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 56,466 shares, an increase of 246.2% from the May 14th total of 16,310 shares. Based on an average daily volume of 300,489 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares Intermediate Muni Income Active ETF

A number of institutional investors have recently added to or reduced their stakes in INMU. Farther Finance Advisors LLC acquired a new stake in iShares Intermediate Muni Income Active ETF in the fourth quarter worth approximately $65,000. Private Trust Co. NA acquired a new stake in iShares Intermediate Muni Income Active ETF in the fourth quarter worth approximately $116,000. JPMorgan Chase & Co. acquired a new stake in iShares Intermediate Muni Income Active ETF in the second quarter worth approximately $155,000. Magnolia Private Wealth LLC acquired a new stake in iShares Intermediate Muni Income Active ETF in the fourth quarter worth approximately $313,000. Finally, Bank of New York Mellon Corp acquired a new stake in iShares Intermediate Muni Income Active ETF in the first quarter worth approximately $1,983,000.

iShares Intermediate Muni Income Active ETF Trading Down 0.1%

Shares of NYSEARCA:INMU traded down $0.03 on Friday, hitting $24.11. The company’s stock had a trading volume of 125,796 shares, compared to its average volume of 200,999. iShares Intermediate Muni Income Active ETF has a 12 month low of $23.26 and a 12 month high of $24.58. The stock’s 50-day moving average is $24.08 and its two-hundred day moving average is $24.15.

About iShares Intermediate Muni Income Active ETF

The BlackRock Intermediate Muni Income Bond ETF (INMU) is an exchange-traded fund that is based on the BBG Barc Municipal Bond 1-15Yr index. The BlackRock Intermediate Muni Income Bond ETF (the Fund) seeks to maximize tax-free current income. INMU was launched on Mar 16, 2021 and is managed by BlackRock.