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

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 40,979 shares, an increase of 101.4% from the July 30th total of 20,351 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average trading volume of 83,882 shares, the days-to-cover ratio is currently 0.5 days.

iShares Yield Optimized Bond ETF Price Performance

NYSEARCA:BYLD opened at $22.35 on Monday. The stock has a market capitalization of $448.12 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 $22.22 and a 52 week high of $23.14. The firm has a 50 day moving average of $22.42 and a 200 day moving average of $22.57.

Institutional Trading of iShares Yield Optimized Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arax Advisory Partners purchased a new position in iShares Yield Optimized Bond ETF during the 4th quarter worth $25,000. Compass Financial Management LLC purchased a new stake in iShares Yield Optimized Bond ETF in the second quarter valued at about $32,000. Advisory Services Network LLC purchased a new stake in iShares Yield Optimized Bond ETF in the third quarter valued at about $37,000. Darwin Wealth Management LLC acquired a new stake in iShares Yield Optimized Bond ETF in the second quarter worth about $47,000. Finally, Kestra Advisory Services LLC acquired a new stake in iShares Yield Optimized Bond ETF in the fourth quarter worth about $130,000.

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.