Short Interest in iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Rises By 127.3%

iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 5,767 shares, a growth of 127.3% from the May 31st total of 2,537 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 8,396 shares, the days-to-cover ratio is presently 0.7 days.

iShares Morningstar Multi-Asset Income ETF Price Performance

Shares of BATS:IYLD opened at $22.12 on Monday. The firm’s 50 day simple moving average is $22.16 and its two-hundred day simple moving average is $21.99. The company has a market capitalization of $121.66 million, a P/E ratio of 12.85 and a beta of 0.48. iShares Morningstar Multi-Asset Income ETF has a 1-year low of $20.46 and a 1-year high of $22.55.

Institutional Trading of iShares Morningstar Multi-Asset Income ETF

A number of large investors have recently added to or reduced their stakes in IYLD. Triumph Capital Management bought a new stake in shares of iShares Morningstar Multi-Asset Income ETF in the 3rd quarter worth about $48,000. IHT Wealth Management LLC lifted its stake in shares of iShares Morningstar Multi-Asset Income ETF by 5.6% during the 4th quarter. IHT Wealth Management LLC now owns 12,982 shares of the company’s stock worth $278,000 after acquiring an additional 690 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of iShares Morningstar Multi-Asset Income ETF by 77.9% during the first quarter. NewEdge Advisors LLC now owns 3,484 shares of the company’s stock worth $70,000 after purchasing an additional 1,526 shares during the last quarter. Finally, IFP Advisors Inc lifted its holdings in iShares Morningstar Multi-Asset Income ETF by 923.9% during the 3rd quarter. IFP Advisors Inc now owns 4,106 shares of the company’s stock valued at $87,000 after buying an additional 3,705 shares in the last quarter.

About iShares Morningstar Multi-Asset Income ETF

The iShares Morningstar Multi-Asset Income ETF (IYLD) is an exchange-traded fund that is based on the Morningstar Multi-Asset High Income index. The fund tracks an index of fixed-income, equity, preferred stock and REIT ETFs with a focus on income production. IYLD was launched on Apr 5, 2012 and is managed by BlackRock.