iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Sees Significant Growth in Short Interest

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 95,816 shares, a growth of 80.2% from the June 30th total of 53,184 shares. Based on an average daily trading volume, of 80,354 shares, the short-interest ratio is presently 1.2 days. Approximately 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Yield Optimized Bond ETF

Several institutional investors have recently bought and sold shares of BYLD. Horizon Wealth Management LLC purchased a new stake in iShares Yield Optimized Bond ETF in the first quarter worth $51,833,000. LPL Financial LLC grew its stake in shares of iShares Yield Optimized Bond ETF by 11.3% during the 4th quarter. LPL Financial LLC now owns 943,594 shares of the company’s stock worth $21,490,000 after acquiring an additional 95,537 shares during the period. Focus Partners Wealth grew its stake in shares of iShares Yield Optimized Bond ETF by 1.1% during the 4th quarter. Focus Partners Wealth now owns 531,124 shares of the company’s stock worth $12,096,000 after acquiring an additional 5,743 shares during the period. Bank of America Corp DE increased its holdings in iShares Yield Optimized Bond ETF by 4.4% in the 1st quarter. Bank of America Corp DE now owns 397,860 shares of the company’s stock worth $8,964,000 after acquiring an additional 16,660 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in iShares Yield Optimized Bond ETF by 4.0% in the 4th quarter. Osaic Holdings Inc. now owns 377,251 shares of the company’s stock worth $8,591,000 after acquiring an additional 14,457 shares during the last quarter.

iShares Yield Optimized Bond ETF Stock Performance

BYLD traded up $0.03 during midday trading on Thursday, reaching $22.33. The company had a trading volume of 46,917 shares, compared to its average volume of 104,610. The stock has a market cap of $447.72 million, a PE ratio of 10.76 and a beta of 0.27. iShares Yield Optimized Bond ETF has a 12-month low of $22.26 and a 12-month high of $23.14. The business has a 50-day moving average price of $22.53 and a two-hundred day moving average price of $22.65.

About iShares Yield Optimized Bond ETF

The iShares Yield Optimized Bond ETF (BYLD) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is a fund-of-funds that tracks a broad index of debt securities optimized for yield and mean variance. BYLD was launched on Apr 22, 2014 and is managed by BlackRock.