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

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 10,838 shares, a decline of 52.3% from the January 29th total of 22,744 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 51,181 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 51,181 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

iShares Yield Optimized Bond ETF Stock Up 0.0%

Shares of NYSEARCA BYLD traded up $0.01 during trading hours on Friday, reaching $23.03. 79,319 shares of the stock traded hands, compared to its average volume of 60,000. The company’s 50-day simple moving average is $22.88 and its two-hundred day simple moving average is $22.86. iShares Yield Optimized Bond ETF has a 52-week low of $21.55 and a 52-week high of $23.14. The company has a market capitalization of $312.06 million, a P/E ratio of 10.76 and a beta of 0.26.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Arax Advisory Partners purchased a new position in shares of iShares Yield Optimized Bond ETF during the 4th quarter valued at approximately $25,000. Asset Dedication LLC acquired a new stake in shares of iShares Yield Optimized Bond ETF during the 2nd quarter worth approximately $37,000. Advisory Services Network LLC acquired a new stake in shares of iShares Yield Optimized Bond ETF during the 3rd quarter worth about $37,000. Fifth Third Bancorp lifted its stake in iShares Yield Optimized Bond ETF by 42.2% during the 3rd quarter. Fifth Third Bancorp now owns 1,789 shares of the company’s stock worth $41,000 after acquiring an additional 531 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in iShares Yield Optimized Bond ETF in the 2nd quarter valued at approximately $47,000.

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.