iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Stock Short Interest Drops 88.2%

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. ODonnell Financial Services LLC purchased a new stake in iShares Yield Optimized Bond ETF during the 3rd quarter valued at approximately $208,000. Valmark Advisers Inc. bought a new position in shares of iShares Yield Optimized Bond ETF during the third quarter worth $596,000. Russell Investments Group Ltd. bought a new position in shares of iShares Yield Optimized Bond ETF during the third quarter worth $32,000. Partners Wealth Management LLC grew its stake in iShares Yield Optimized Bond ETF by 7.0% during the third quarter. Partners Wealth Management LLC now owns 53,613 shares of the company’s stock valued at $1,155,000 after acquiring an additional 3,520 shares in the last quarter. Finally, SYM FINANCIAL Corp bought a new stake in iShares Yield Optimized Bond ETF in the 3rd quarter valued at $430,000.

iShares Yield Optimized Bond ETF Stock Performance

Shares of iShares Yield Optimized Bond ETF stock remained flat at $21.77 during trading hours on Wednesday. The stock had a trading volume of 55,184 shares, compared to its average volume of 102,918. The stock has a 50-day moving average price of $21.81 and a 200 day moving average price of $22.39. iShares Yield Optimized Bond ETF has a fifty-two week low of $21.39 and a fifty-two week high of $23.06. The firm has a market cap of $420.16 million, a P/E ratio of 10.76 and a beta of 0.28.

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.