iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Stock Short Interest Rises 306.4%

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) saw a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 213,483 shares, a growth of 306.4% from the October 15th total of 52,536 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily volume of 871,279 shares, the short-interest ratio is presently 0.2 days.

iShares Intermediate Muni Income Active ETF Trading Up 0.2%

NYSEARCA INMU opened at $23.92 on Thursday. The stock has a 50-day simple moving average of $23.31 and a two-hundred day simple moving average of $23.90. iShares Intermediate Muni Income Active ETF has a fifty-two week low of $22.65 and a fifty-two week high of $24.58.

Institutional Trading of iShares Intermediate Muni Income Active ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp purchased a new position in iShares Intermediate Muni Income Active ETF during the first quarter valued at approximately $1,983,000. Capital Planning LLC purchased a new stake in iShares Intermediate Muni Income Active ETF in the 3rd quarter worth approximately $734,000. Finally, Fifth Third Securities Inc. purchased a new stake in iShares Intermediate Muni Income Active ETF in the 3rd quarter worth approximately $362,000.

iShares Intermediate Muni Income Active ETF Company Profile

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.