iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Short Interest Update

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 64,429 shares, an increase of 77.2% from the August 31st total of 36,365 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 80,984 shares, the days-to-cover ratio is presently 0.8 days.

iShares Yield Optimized Bond ETF Stock Down 0.1%

NYSEARCA:BYLD traded down $0.03 on Wednesday, reaching $21.56. 59,198 shares of the company’s stock were exchanged, compared to its average volume of 102,227. The firm has a market capitalization of $433.40 million, a price-to-earnings ratio of 10.76 and a beta of 0.27. iShares Yield Optimized Bond ETF has a 52-week low of $21.53 and a 52-week high of $23.14. The business has a fifty day moving average of $22.19 and a 200-day moving average of $22.43.

Institutional Trading of iShares Yield Optimized Bond ETF

A number of large investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. purchased a new position in iShares Yield Optimized Bond ETF in the second quarter valued at $4,594,000. Envestnet Asset Management Inc. increased 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 purchasing an additional 12,317 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in iShares Yield Optimized Bond ETF during the 2nd quarter worth about $95,000. Citadel Advisors LLC acquired a new stake in iShares Yield Optimized Bond ETF in the 2nd quarter valued at about $1,359,000. Finally, Advisory Solutions Group LLC acquired a new stake in iShares Yield Optimized Bond ETF in the 2nd quarter valued at about $677,000.

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.