iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Short Interest Up 80.2% in July

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 95,816 shares, an increase of 80.2% from the June 30th total of 53,184 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 80,354 shares, the days-to-cover ratio is presently 1.2 days.

iShares Yield Optimized Bond ETF Trading Down 0.2%

iShares Yield Optimized Bond ETF stock traded down $0.04 during trading hours on Friday, reaching $22.29. 22,481 shares of the stock were exchanged, compared to its average volume of 104,043. iShares Yield Optimized Bond ETF has a twelve month low of $22.26 and a twelve month high of $23.14. The company has a market cap of $446.91 million, a P/E ratio of 10.76 and a beta of 0.27. The stock has a 50 day moving average of $22.52 and a two-hundred day moving average of $22.64.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BYLD. Cetera Investment Advisers lifted its stake in iShares Yield Optimized Bond ETF by 9.4% during the second quarter. Cetera Investment Advisers now owns 11,153 shares of the company’s stock worth $252,000 after purchasing an additional 956 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares Yield Optimized Bond ETF by 23.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 77,438 shares of the company’s stock valued at $1,751,000 after purchasing an additional 14,948 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of iShares Yield Optimized Bond ETF during the 2nd quarter worth $47,000. Jane Street Group LLC acquired a new position in shares of iShares Yield Optimized Bond ETF during the 2nd quarter worth $336,000. Finally, Bank of America Corp DE lifted its position in shares of iShares Yield Optimized Bond ETF by 0.7% during the 2nd quarter. Bank of America Corp DE now owns 311,939 shares of the company’s stock worth $7,053,000 after buying an additional 2,276 shares during the last quarter.

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.