iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Sees Large Drop in Short Interest

iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 17,373 shares, a decline of 54.6% from the April 30th total of 38,251 shares. Based on an average trading volume of 28,817 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the company are short sold.

iShares Morningstar Multi-Asset Income ETF Price Performance

Shares of BATS:IYLD traded down $0.05 during trading on Tuesday, reaching $22.23. The company had a trading volume of 9,612 shares, compared to its average volume of 24,076. iShares Morningstar Multi-Asset Income ETF has a fifty-two week low of $20.32 and a fifty-two week high of $22.55. The stock’s fifty day moving average price is $22.03 and its 200 day moving average price is $21.89. The firm has a market capitalization of $122.27 million, a price-to-earnings ratio of 12.85 and a beta of 0.48.

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

A number of large investors have recently modified their holdings of IYLD. IHT Wealth Management LLC increased its holdings in 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 buying an additional 690 shares in the last quarter. Jones Financial Companies Lllp increased its stake in iShares Morningstar Multi-Asset Income ETF by 15.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 6,964 shares of the company’s stock valued at $148,000 after purchasing an additional 954 shares in the last quarter. NewEdge Advisors LLC boosted its position in iShares Morningstar Multi-Asset Income ETF by 77.9% during the first quarter. NewEdge Advisors LLC now owns 3,484 shares of the company’s stock worth $70,000 after purchasing an additional 1,526 shares in the last quarter. Triumph Capital Management acquired a new stake in iShares Morningstar Multi-Asset Income ETF in the third quarter valued at $48,000. Finally, IFP Advisors Inc increased its position in shares of iShares Morningstar Multi-Asset Income ETF by 923.9% in the third quarter. IFP Advisors Inc now owns 4,106 shares of the company’s stock valued at $87,000 after buying an additional 3,705 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.