iShares Yield Optimized Bond ETF (NYSEARCA:BYLD – Get Free Report) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 20,351 shares, a decline of 78.8% from the July 15th total of 95,816 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 46,891 shares, the days-to-cover ratio is presently 0.4 days.
iShares Yield Optimized Bond ETF Price Performance
NYSEARCA:BYLD traded down $0.03 during mid-day trading on Friday, reaching $22.32. The stock had a trading volume of 29,381 shares, compared to its average volume of 102,740. The stock has a market cap of $447.52 million, a P/E ratio of 10.76 and a beta of 0.27. The business’s 50 day moving average is $22.47 and its 200 day moving average is $22.61. iShares Yield Optimized Bond ETF has a fifty-two week low of $22.26 and a fifty-two week high of $23.14.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Arax Advisory Partners bought a new position in shares of iShares Yield Optimized Bond ETF during the 4th quarter valued at $25,000. Compass Financial Management LLC bought a new stake in iShares Yield Optimized Bond ETF in the second quarter worth $32,000. Advisory Services Network LLC bought a new stake in iShares Yield Optimized Bond ETF in the third quarter worth $37,000. Darwin Wealth Management LLC acquired a new position in iShares Yield Optimized Bond ETF during the second quarter worth $47,000. Finally, NBC Securities Inc. acquired a new position in iShares Yield Optimized Bond ETF during the fourth quarter worth $51,000.
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.
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