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

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 17,711 shares, a drop of 57.4% from the February 26th total of 41,599 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 93,028 shares, the short-interest ratio is presently 0.2 days.

iShares Yield Optimized Bond ETF Stock Performance

NYSEARCA:BYLD traded down $0.07 during mid-day trading on Friday, hitting $22.31. 36,788 shares of the stock were exchanged, compared to its average volume of 107,983. The firm’s 50-day simple moving average is $22.78 and its 200 day simple moving average is $22.84. The stock has a market capitalization of $302.30 million, a price-to-earnings ratio of 10.76 and a beta of 0.26. iShares Yield Optimized Bond ETF has a fifty-two week low of $21.55 and a fifty-two week high of $23.14.

Institutional Investors Weigh In On iShares Yield Optimized Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Trivium Point Advisory LLC boosted its position in shares of iShares Yield Optimized Bond ETF by 15.6% in the third quarter. Trivium Point Advisory LLC now owns 345,631 shares of the company’s stock valued at $7,922,000 after acquiring an additional 46,533 shares during the period. Osaic Holdings Inc. increased its position in iShares Yield Optimized Bond ETF by 153.1% during the second quarter. Osaic Holdings Inc. now owns 348,292 shares of the company’s stock worth $7,875,000 after acquiring an additional 210,661 shares during the period. Heritage Family Offices LLP acquired a new stake in iShares Yield Optimized Bond ETF in the 4th quarter worth about $633,000. Asset Allocation Strategies LLC raised its stake in iShares Yield Optimized Bond ETF by 3.4% in the 4th quarter. Asset Allocation Strategies LLC now owns 22,934 shares of the company’s stock worth $522,000 after purchasing an additional 757 shares in the last quarter. Finally, World Investment Advisors bought a new stake in iShares Yield Optimized Bond ETF in the 4th quarter valued at about $251,000.

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.