iShares Morningstar Multi-Asset Income ETF (BATS:IYLD – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 5,912 shares, an increase of 108.6% from the July 15th total of 2,834 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 8,027 shares, the days-to-cover ratio is currently 0.7 days.
iShares Morningstar Multi-Asset Income ETF Stock Performance
Shares of IYLD stock opened at $22.33 on Friday. The firm’s 50-day moving average is $22.14 and its 200-day moving average is $22.11. The stock has a market cap of $122.81 million, a price-to-earnings ratio of 12.85 and a beta of 0.48. iShares Morningstar Multi-Asset Income ETF has a 52-week low of $20.72 and a 52-week high of $22.55.
Institutional Investors Weigh In On iShares Morningstar Multi-Asset Income ETF
Several institutional investors have recently made changes to their positions in the stock. IHT Wealth Management LLC boosted its position in shares of iShares Morningstar Multi-Asset Income ETF by 5.6% during the 4th quarter. IHT Wealth Management LLC now owns 12,982 shares of the company’s stock worth $278,000 after acquiring an additional 690 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of iShares Morningstar Multi-Asset Income ETF by 77.9% during the 1st quarter. NewEdge Advisors LLC now owns 3,484 shares of the company’s stock valued at $70,000 after acquiring an additional 1,526 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in shares of iShares Morningstar Multi-Asset Income ETF during the third quarter worth about $48,000.
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.
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