iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 76,272 shares, an increase of 434.0% from the September 15th total of 14,282 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 954,784 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On iShares Intermediate Muni Income Active ETF
A hedge fund recently bought a new stake in iShares Intermediate Muni Income Active ETF stock. Capital Planning LLC acquired a new stake in shares of iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,046 shares of the company’s stock, valued at approximately $734,000. Capital Planning LLC owned approximately 0.11% of iShares Intermediate Muni Income Active ETF at the end of the most recent quarter.
iShares Intermediate Muni Income Active ETF Price Performance
Shares of NYSEARCA INMU traded up $0.07 during trading on Friday, hitting $22.92. The company had a trading volume of 1,196,999 shares, compared to its average volume of 286,252. iShares Intermediate Muni Income Active ETF has a 52 week low of $22.65 and a 52 week high of $24.58. The business’s 50-day moving average is $23.42 and its 200 day moving average is $23.84.
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.
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