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iShares Short Duration High Yield Muni Active ETF

SHYM

Market cap $918M

21.92 USD

+0.08

0.37%

At close Updated Oct 30, 4:00 PM EDT

Pre-market

After hours

21.92

0.00

0%

1 day

0.37%

5 days

0.64%

1 month

2.53%

3 months

-1.04%

6 months

-1.35%

Year to date

-1.44%

1 year

-1.97%

5 years

-15.59%

10 years

-12.95%

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 100%

Neutral 0%

Negative 0%

A Context That Leads Me To Look At SHYM Again With Interest (Rating Upgrade)

I am upgrading SHYM to a buy rating after previously issuing a hold due to inflation concerns, elevated rates, and rising SOFR pressuring short-duration high-yield muni bonds. SHYM has a 30-day SEC yield of 4.05% and a taxable-equivalent yield of 6.85%, reflecting strong federal tax-exempt income for eligible investors. Atlanta Fed GDPNow projects 5.8% third-quarter growth, suggesting recession risk remains low despite SHYM's roughly 4.78-year effective duration and rate sensitivity.

A Context That Leads Me To Look At SHYM Again With Interest (Rating Upgrade)

SHYM: A Competitive Management On High Yield Munis

SHYM is an active ETF that works on the municipal bond High Yield segment to generate tax-free income. Although comparability is debatable due to a change in structure and benchmark, it has demonstrated managed risks and competitive performance. Its selection strategy limits the holding distribution by increasing concentration.

SHYM: A Competitive Management On High Yield Munis

SHYM: A Clever Way To Earn Above-Average Yield With Manageable Risk

SHYM delivers a high tax-free yield by focusing on short-duration, high-yield municipal bonds, including many unrated issues overlooked by other funds. The fund's strategy leverages the low default rates in the muni market, capturing higher income without a substantial increase in credit risk. SHYM's active management and willingness to buy unrated bonds allow it to outperform index muni funds, making it attractive for high-tax-bracket investors seeking income.

SHYM: A Clever Way To Earn Above-Average Yield With Manageable Risk

The Motley Fool

4 High-Yield Dividend ETFs to Buy to Generate Passive Income

These four income-generating ETFs will attract more investors as interest rates decline.

4 High-Yield Dividend ETFs to Buy to Generate Passive Income

HYMU: High Yield Muni Investing For High Tax Equivalent Yields

Muni bonds are becoming attractive due to falling rates and potential tax hikes, making tax-exempt income appealing, especially through the BlackRock High Yield Muni Income Bond ETF. The HYMU ETF offers tax-free income and growth by investing in high-yield U.S. municipal bonds, with active management and a low net expense ratio of 0.35%. HYMU's diversified holdings, focus on high-yield bonds, and active management provide higher yields but come with increased credit risk and interest rate sensitivity.

HYMU: High Yield Muni Investing For High Tax Equivalent Yields

First Look At BlackRock's HY Muni ETF

The BlackRock High Yield Muni Income Bond ETF is a municipal bond fund without leverage that focuses on the middle of the investable universe. HYMU primarily invests in high-yield municipal bonds rated below investment grade and seeks to maximize tax-free current income. HYMU has outperformed similar funds since its launch and is recommended as a Buy for investors seeking a municipal bond fund.

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