Short Interest in iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Rises By 108.6%

iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 5,912 shares, a growth of 108.6% from the July 15th total of 2,834 shares. Based on an average trading volume of 8,027 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the shares of the company are short sold.

iShares Morningstar Multi-Asset Income ETF Stock Performance

BATS:IYLD opened at $22.33 on Friday. iShares Morningstar Multi-Asset Income ETF has a 1 year low of $20.72 and a 1 year high of $22.55. The stock has a market cap of $122.81 million, a price-to-earnings ratio of 12.85 and a beta of 0.48. The business has a fifty day moving average of $22.14 and a 200-day moving average of $22.11.

Institutional Investors Weigh In On iShares Morningstar Multi-Asset Income ETF

Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its stake in iShares Morningstar Multi-Asset Income ETF by 77.9% during the 1st quarter. NewEdge Advisors LLC now owns 3,484 shares of the company’s stock valued at $70,000 after buying an additional 1,526 shares during the period. Triumph Capital Management acquired a new stake in shares of iShares Morningstar Multi-Asset Income ETF in the 3rd quarter worth approximately $48,000. Finally, IHT Wealth Management LLC boosted its holdings in shares of iShares Morningstar Multi-Asset Income ETF by 5.6% in the fourth quarter. IHT Wealth Management LLC now owns 12,982 shares of the company’s stock valued at $278,000 after acquiring an additional 690 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.