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

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 37,467 shares, a decline of 41.8% from the September 15th total of 64,429 shares. Based on an average trading volume of 153,896 shares, the short-interest ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Yield Optimized Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Horizon Wealth Management LLC acquired a new position in iShares Yield Optimized Bond ETF during the 1st quarter worth approximately $51,833,000. Envestnet Portfolio Solutions Inc. acquired a new stake in iShares Yield Optimized Bond ETF in the second quarter valued at approximately $4,594,000. Modern Wealth Management LLC acquired a new stake in iShares Yield Optimized Bond ETF in the first quarter valued at approximately $2,623,000. Cetera Investment Advisers grew its stake in shares of iShares Yield Optimized Bond ETF by 37.5% during the first quarter. Cetera Investment Advisers now owns 272,348 shares of the company’s stock worth $6,136,000 after buying an additional 74,285 shares during the last quarter. Finally, Members Trust Co grew its stake in shares of 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 buying an additional 69,000 shares during the last quarter.

iShares Yield Optimized Bond ETF Price Performance

Shares of BYLD stock remained flat at $21.71 on Friday. 86,731 shares of the stock were exchanged, compared to its average volume of 103,755. The firm has a market capitalization of $419.00 million, a PE ratio of 10.76 and a beta of 0.27. iShares Yield Optimized Bond ETF has a 52-week low of $21.39 and a 52-week high of $23.14. The firm has a 50 day simple moving average of $21.99 and a 200-day simple moving average of $22.35.

iShares Yield Optimized Bond ETF Company Profile

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.