Short Interest in iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Drops By 44.9%

iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 5,440 shares, a drop of 44.9% from the August 15th total of 9,881 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 17,016 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On iShares Morningstar Multi-Asset Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renasant Bank bought a new position in shares of iShares Morningstar Multi-Asset Income ETF during the 2nd quarter valued at about $1,328,000. Oarsman Capital Inc. bought a new stake in shares of iShares Morningstar Multi-Asset Income ETF in the second quarter worth about $826,000. NewEdge Advisors LLC bought a new stake in shares of iShares Morningstar Multi-Asset Income ETF in the second quarter worth about $36,000. First PREMIER Bank purchased a new stake in shares of iShares Morningstar Multi-Asset Income ETF in the second quarter worth about $349,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of iShares Morningstar Multi-Asset Income ETF in the second quarter worth about $72,000.

iShares Morningstar Multi-Asset Income ETF Stock Down 0.4%

IYLD stock traded down $0.08 during midday trading on Tuesday, hitting $21.97. The company’s stock had a trading volume of 18,516 shares, compared to its average volume of 20,248. iShares Morningstar Multi-Asset Income ETF has a 12 month low of $20.90 and a 12 month high of $22.55. The company has a 50 day moving average of $22.18 and a two-hundred day moving average of $22.10. The firm has a market capitalization of $120.83 million, a price-to-earnings ratio of 12.85 and a beta of 0.48.

iShares Morningstar Multi-Asset Income ETF Company Profile

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.