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

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 36,449 shares, an increase of 32.8% from the December 15th total of 27,448 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 42,849 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 42,849 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares Yield Optimized Bond ETF

A number of institutional investors have recently made changes to their positions in BYLD. Osaic Holdings Inc. raised its holdings in shares of iShares Yield Optimized Bond ETF by 153.1% during the second quarter. Osaic Holdings Inc. now owns 348,292 shares of the company’s stock worth $7,875,000 after purchasing an additional 210,661 shares during the period. Truist Financial Corp grew its position in shares of iShares Yield Optimized Bond ETF by 41.4% during the 2nd quarter. Truist Financial Corp now owns 190,900 shares of the company’s stock valued at $4,316,000 after buying an additional 55,935 shares during the last quarter. Trivium Point Advisory LLC raised its stake in iShares Yield Optimized Bond ETF by 15.6% during the third quarter. Trivium Point Advisory LLC now owns 345,631 shares of the company’s stock worth $7,922,000 after acquiring an additional 46,533 shares during the period. Envestnet Asset Management Inc. raised its stake in iShares Yield Optimized Bond ETF by 56.0% during the second quarter. Envestnet Asset Management Inc. now owns 98,389 shares of the company’s stock worth $2,225,000 after acquiring an additional 35,304 shares during the period. Finally, Focus Partners Wealth lifted its holdings in iShares Yield Optimized Bond ETF by 6.3% in the third quarter. Focus Partners Wealth now owns 525,381 shares of the company’s stock worth $12,042,000 after acquiring an additional 31,285 shares during the last quarter.

iShares Yield Optimized Bond ETF Price Performance

NYSEARCA:BYLD remained flat at $22.87 during mid-day trading on Friday. The company had a trading volume of 42,694 shares, compared to its average volume of 50,163. The stock has a market cap of $309.89 million, a P/E ratio of 10.76 and a beta of 0.26. iShares Yield Optimized Bond ETF has a fifty-two week low of $21.55 and a fifty-two week high of $23.14. The business has a fifty day simple moving average of $22.84 and a 200 day simple moving average of $22.78.

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.