iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Sees Significant Drop in Short Interest

by · The Markets Daily

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU – Get Free Report) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 16,310 shares, a drop of 65.0% from the April 30th total of 46,638 shares. Based on an average daily volume of 153,504 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On iShares Intermediate Muni Income Active ETF

Several hedge funds and other institutional investors have recently made changes to their positions in INMU. Farther Finance Advisors LLC bought a new position in iShares Intermediate Muni Income Active ETF during the 4th quarter valued at about $65,000. Private Trust Co. NA bought a new position in shares of iShares Intermediate Muni Income Active ETF during the fourth quarter valued at approximately $116,000. JPMorgan Chase & Co. purchased a new stake in shares of iShares Intermediate Muni Income Active ETF in the second quarter worth approximately $155,000. Magnolia Private Wealth LLC bought a new stake in shares of iShares Intermediate Muni Income Active ETF during the 4th quarter worth approximately $313,000. Finally, Bank of New York Mellon Corp purchased a new position in iShares Intermediate Muni Income Active ETF during the 1st quarter valued at $1,983,000.

iShares Intermediate Muni Income Active ETF Price Performance

INMU stock traded down $0.05 during trading on Monday, hitting $24.09. 116,100 shares of the company’s stock traded hands, compared to its average volume of 207,799. iShares Intermediate Muni Income Active ETF has a 52 week low of $23.24 and a 52 week high of $24.58. The business has a fifty day simple moving average of $24.04 and a 200 day simple moving average of $24.15.

iShares Intermediate Muni Income Active ETF Company Profile

(Get Free Report)

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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