iShares High Yield Active ETF (NASDAQ:BRHY) Sees Large Decline in Short Interest

iShares High Yield Active ETF (NASDAQ:BRHY) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 700 shares, a drop of 66.7% from the September 30th total of 2,100 shares. Based on an average trading volume of 1,600 shares, the days-to-cover ratio is presently 0.4 days.

iShares High Yield Active ETF Stock Performance

iShares High Yield Active ETF stock traded up $0.08 during midday trading on Friday, reaching $51.53. The company’s stock had a trading volume of 384 shares, compared to its average volume of 1,715. iShares High Yield Active ETF has a fifty-two week low of $50.35 and a fifty-two week high of $52.20. The company’s 50 day simple moving average is $51.71.

iShares High Yield Active ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 4th. Shareholders of record on Tuesday, October 1st were issued a $0.259 dividend. This represents a $3.11 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date was Tuesday, October 1st.