iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Shares Shorted: Short Interest Up 77.2% in September

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 64,429 shares, an increase of 77.2% from the August 31st total of 36,365 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 80,984 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On iShares Yield Optimized Bond ETF

Several hedge funds have recently bought and sold shares of BYLD. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of iShares Yield Optimized Bond ETF during the 2nd quarter worth approximately $4,594,000. Envestnet Asset Management Inc. boosted its holdings in iShares Yield Optimized Bond ETF by 3.4% during the second quarter. Envestnet Asset Management Inc. now owns 376,958 shares of the company’s stock worth $8,538,000 after buying an additional 12,317 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in iShares Yield Optimized Bond ETF during the second quarter worth $95,000. Citadel Advisors LLC acquired a new stake in iShares Yield Optimized Bond ETF during the second quarter valued at $1,359,000. Finally, Advisory Solutions Group LLC acquired a new stake in iShares Yield Optimized Bond ETF during the second quarter valued at $677,000.

iShares Yield Optimized Bond ETF Stock Down 0.0%

Shares of BYLD traded down $0.01 during mid-day trading on Thursday, reaching $21.53. The company had a trading volume of 22,532 shares, compared to its average volume of 101,958. iShares Yield Optimized Bond ETF has a 52-week low of $21.45 and a 52-week high of $23.14. The stock has a market capitalization of $415.61 million, a P/E ratio of 10.76 and a beta of 0.27. The stock has a 50 day moving average of $22.17 and a two-hundred day moving average of $22.42.

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.