iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Stock Short Interest Falls 41.8%

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 37,467 shares, a decrease of 41.8% from the September 15th total of 64,429 shares. Based on an average daily trading volume, of 153,896 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

iShares Yield Optimized Bond ETF Trading Down 0.0%

Shares of NYSEARCA BYLD traded down $0.01 during trading on Friday, reaching $21.70. 84,206 shares of the company traded hands, compared to its average volume of 103,735. The stock has a market cap of $418.91 million, a P/E ratio of 10.76 and a beta of 0.27. The firm’s fifty day simple moving average is $22.00 and its 200 day simple moving average is $22.35. iShares Yield Optimized Bond ETF has a 12-month low of $21.39 and a 12-month high of $23.14.

Institutional Trading of iShares Yield Optimized Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. AdvisorNet Financial Inc purchased a new position in iShares Yield Optimized Bond ETF during the third quarter worth approximately $592,000. Envestnet Portfolio Solutions Inc. acquired a new position in iShares Yield Optimized Bond ETF during the 2nd quarter worth about $4,594,000. Envestnet Asset Management Inc. lifted its holdings in iShares Yield Optimized Bond ETF by 3.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 376,958 shares of the company’s stock worth $8,538,000 after buying an additional 12,317 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of iShares Yield Optimized Bond ETF in the second quarter valued at $95,000. Finally, Citadel Advisors LLC purchased a new position in shares of iShares Yield Optimized Bond ETF in the 2nd quarter valued at about $1,359,000.

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.