iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Stock Short Interest Jumps 487.1%

iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 19,645 shares, an increase of 487.1% from the September 30th total of 3,346 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 28,438 shares, the short-interest ratio is presently 0.7 days.

iShares Morningstar Multi-Asset Income ETF Stock Performance

IYLD stock opened at $21.65 on Tuesday. The company’s fifty day moving average price is $21.95 and its 200-day moving average price is $22.05. iShares Morningstar Multi-Asset Income ETF has a one year low of $21.13 and a one year high of $22.55. The company has a market capitalization of $119.07 million, a PE ratio of 12.85 and a beta of 0.48.

Institutional Trading of iShares Morningstar Multi-Asset Income ETF

Hedge funds have recently bought and sold shares 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. purchased a new position in shares of iShares Morningstar Multi-Asset Income ETF during the second quarter valued at about $826,000. RPg Family Wealth Advisory LLC bought a new stake in shares of iShares Morningstar Multi-Asset Income ETF in the second quarter worth about $72,000. NewEdge Advisors LLC bought a new stake in shares of iShares Morningstar Multi-Asset Income ETF in the second quarter worth about $36,000. Finally, First PREMIER Bank bought a new stake in shares of iShares Morningstar Multi-Asset Income ETF in the second quarter worth about $349,000.

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.