iShares Short Duration High Yield Muni Active ETF (SHYM)
iShares Short Duration High Yield Muni Active ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $21.38, down 0.05% on the session, giving a market capitalisation of $380.6M. Its beta of 0.40 implies it has historically moved less than the broad market.
The iShares Short Duration High Yield Muni Active ETF (SHYM) is designed with a core objective: to optimize current income that is exempt from taxes. Its secondary aim is to enhance the growth of capital. The Fund accomplishes these goals by predominantly investing in a portfolio of higher-yielding and other interest-bearing municipal bonds issued by entities within the United States.
iShares Short Duration High Yield Muni Active ETF is most often compared with the following Financial Services names: