iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Sees Large Decrease in Short Interest

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 15,759 shares, a decline of 88.2% from the October 15th total of 134,002 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 96,677 shares, the short-interest ratio is currently 0.2 days.

iShares Yield Optimized Bond ETF Trading Down 0.7%

Shares of NYSEARCA:BYLD traded down $0.15 during mid-day trading on Thursday, reaching $21.62. The company had a trading volume of 58,461 shares, compared to its average volume of 102,738. The company’s 50-day moving average price is $21.80 and its 200-day moving average price is $22.39. iShares Yield Optimized Bond ETF has a one year low of $21.39 and a one year high of $23.06. The firm has a market cap of $417.27 million, a price-to-earnings ratio of 10.76 and a beta of 0.28.

Institutional Investors Weigh In On iShares Yield Optimized Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of BYLD. Arkadios Wealth Advisors boosted its position in shares of iShares Yield Optimized Bond ETF by 1.9% in the first quarter. Arkadios Wealth Advisors now owns 56,501 shares of the company’s stock valued at $1,273,000 after acquiring an additional 1,044 shares during the period. Compass Financial Management LLC purchased a new stake in shares of iShares Yield Optimized Bond ETF during the 2nd quarter valued at about $32,000. Russell Investments Group Ltd. bought a new position in shares of iShares Yield Optimized Bond ETF in the 3rd quarter worth approximately $32,000. Valmark Advisers Inc. lifted its stake in shares of iShares Yield Optimized Bond ETF by 7.6% in the 1st quarter. Valmark Advisers Inc. now owns 23,881 shares of the company’s stock worth $538,000 after purchasing an additional 1,680 shares during the period. Finally, IFP Advisors Inc boosted its holdings in shares of iShares Yield Optimized Bond ETF by 228.4% in the third quarter. IFP Advisors Inc now owns 2,552 shares of the company’s stock worth $55,000 after buying an additional 1,775 shares during the last quarter.

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.