Short Interest in iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Drops By 78.8%

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 20,351 shares, a drop of 78.8% from the July 15th total of 95,816 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 46,891 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of iShares Yield Optimized Bond ETF

Several hedge funds have recently added to or reduced their stakes in BYLD. Arax Advisory Partners bought a new position in shares of iShares Yield Optimized Bond ETF in the fourth quarter worth $25,000. Compass Financial Management LLC acquired a new stake in iShares Yield Optimized Bond ETF in the second quarter worth about $32,000. Advisory Services Network LLC bought a new position in iShares Yield Optimized Bond ETF in the 3rd quarter valued at about $37,000. Darwin Wealth Management LLC bought a new position in iShares Yield Optimized Bond ETF in the 2nd quarter valued at about $47,000. Finally, NBC Securities Inc. acquired a new position in iShares Yield Optimized Bond ETF during the 4th quarter valued at about $51,000.

iShares Yield Optimized Bond ETF Trading Up 0.2%

NYSEARCA:BYLD traded up $0.04 during mid-day trading on Thursday, hitting $22.35. The stock had a trading volume of 120,963 shares, compared to its average volume of 103,217. The company has a 50 day simple moving average of $22.47 and a 200-day simple moving average of $22.61. 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 $22.26 and a 52 week high of $23.14.

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.