iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Stock Short Interest Report for September

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 37,467 shares, a drop of 41.8% from the September 15th total of 64,429 shares. Based on an average trading volume of 153,896 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On iShares Yield Optimized Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Horizon Wealth Management LLC purchased a new stake in shares of iShares Yield Optimized Bond ETF during the first quarter worth approximately $51,833,000. Bank of America Corp DE increased its stake in shares of iShares Yield Optimized Bond ETF by 4.4% during the first quarter. Bank of America Corp DE now owns 397,860 shares of the company’s stock worth $8,964,000 after acquiring an additional 16,660 shares during the period. Envestnet Asset Management Inc. raised its holdings in iShares Yield Optimized Bond ETF by 3.4% during the second quarter. Envestnet Asset Management Inc. now owns 376,958 shares of the company’s stock worth $8,538,000 after purchasing an additional 12,317 shares in the last quarter. Cetera Investment Advisers lifted its position in iShares Yield Optimized Bond ETF by 37.5% in the first quarter. Cetera Investment Advisers now owns 272,348 shares of the company’s stock valued at $6,136,000 after purchasing an additional 74,285 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in iShares Yield Optimized Bond ETF in the second quarter valued at about $4,594,000.

iShares Yield Optimized Bond ETF Stock Up 0.5%

iShares Yield Optimized Bond ETF stock traded up $0.12 during mid-day trading on Thursday, hitting $21.73. The company had a trading volume of 26,543 shares, compared to its average volume of 103,429. The business has a fifty day moving average of $22.02 and a 200 day moving average of $22.36. The stock has a market cap of $419.33 million, a price-to-earnings ratio of 10.76 and a beta of 0.27. iShares Yield Optimized Bond ETF has a 1 year low of $21.39 and a 1 year high of $23.14.

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.