iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Short Interest Down 92.9% in August

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 4,035 shares, a decline of 92.9% from the August 15th total of 56,641 shares. Based on an average daily volume of 152,631 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

iShares Intermediate Muni Income Active ETF Stock Performance

Shares of NYSEARCA INMU traded up $0.07 during midday trading on Friday, reaching $23.33. 287,324 shares of the stock were exchanged, compared to its average volume of 206,910. The stock has a 50 day moving average price of $23.81 and a 200-day moving average price of $24.02. iShares Intermediate Muni Income Active ETF has a 52-week low of $23.24 and a 52-week high of $24.58.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in shares of iShares Intermediate Muni Income Active ETF during the 2nd quarter worth $155,000. Magnolia Private Wealth LLC acquired a new stake in shares of iShares Intermediate Muni Income Active ETF in the fourth quarter worth approximately $313,000. Finally, Bank of New York Mellon Corp acquired a new position in iShares Intermediate Muni Income Active ETF during the first quarter worth approximately $1,983,000.

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.