iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Short Interest Update

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 40,979 shares, a growth of 101.4% from the July 30th total of 20,351 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 83,882 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of iShares Yield Optimized Bond ETF

Institutional investors have recently bought and sold shares of the company. Daviman Financial LLC acquired a new position in iShares Yield Optimized Bond ETF in the fourth quarter valued at approximately $674,000. Horizon Wealth Management LLC bought a new stake in shares of iShares Yield Optimized Bond ETF in the 1st quarter valued at $51,833,000. Cetera Investment Advisers lifted its position in shares of iShares Yield Optimized Bond ETF by 37.5% during the 1st quarter. Cetera Investment Advisers now owns 272,348 shares of the company’s stock valued at $6,136,000 after acquiring an additional 74,285 shares during the period. Modern Wealth Management LLC acquired a new position in shares of iShares Yield Optimized Bond ETF during the 1st quarter valued at $2,623,000. Finally, Members Trust Co boosted its stake in iShares Yield Optimized Bond ETF by 325.9% during the first quarter. Members Trust Co now owns 90,173 shares of the company’s stock worth $2,032,000 after acquiring an additional 69,000 shares in the last quarter.

iShares Yield Optimized Bond ETF Stock Performance

Shares of NYSEARCA BYLD traded down $0.05 during midday trading on Friday, reaching $22.35. The stock had a trading volume of 25,058 shares, compared to its average volume of 100,760. The firm has a market cap of $448.12 million, a price-to-earnings ratio of 10.76 and a beta of 0.27. iShares Yield Optimized Bond ETF has a twelve month low of $22.22 and a twelve month high of $23.14. The company’s 50 day moving average price is $22.42 and its 200 day moving average price is $22.57.

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.