Short Interest in iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Grows By 81.3%

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 22,744 shares, an increase of 81.3% from the January 15th total of 12,545 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 52,094 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 52,094 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

iShares Yield Optimized Bond ETF Stock Performance

Shares of BYLD traded up $0.02 during midday trading on Friday, hitting $22.94. 76,174 shares of the stock were exchanged, compared to its average volume of 51,359. iShares Yield Optimized Bond ETF has a 52-week low of $21.55 and a 52-week high of $23.14. The stock has a fifty day simple moving average of $22.85 and a 200 day simple moving average of $22.83. The firm has a market cap of $310.84 million, a P/E ratio of 10.76 and a beta of 0.26.

Institutional Investors Weigh In On iShares Yield Optimized Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new position in iShares Yield Optimized Bond ETF in the third quarter valued at $37,000. Asset Dedication LLC purchased a new stake in shares of iShares Yield Optimized Bond ETF in the 2nd quarter valued at approximately $37,000. Fifth Third Bancorp raised its holdings in shares of iShares Yield Optimized Bond ETF by 42.2% in the 3rd quarter. Fifth Third Bancorp now owns 1,789 shares of the company’s stock valued at $41,000 after purchasing an additional 531 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in shares of iShares Yield Optimized Bond ETF during the second quarter worth $47,000. Finally, NBC Securities Inc. purchased a new stake in iShares Yield Optimized Bond ETF during the 4th quarter worth about $51,000.

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.