iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Sees Large Growth in Short Interest

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 134,002 shares, an increase of 257.7% from the September 30th total of 37,467 shares. Based on an average daily volume of 127,915 shares, the short-interest ratio is presently 1.0 days. Approximately 0.7% of the company’s stock are short sold.

iShares Yield Optimized Bond ETF Trading Down 0.0%

NYSEARCA:BYLD traded down $0.01 during mid-day trading on Friday, hitting $21.84. The company had a trading volume of 11,161 shares, compared to its average volume of 103,218. The business has a fifty day simple moving average of $21.89 and a 200-day simple moving average of $22.44. The firm has a market capitalization of $422.70 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 $23.06.

Hedge Funds Weigh In On iShares Yield Optimized Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Arkadios Wealth Advisors boosted its stake in shares of iShares Yield Optimized Bond ETF by 1.9% in the first quarter. Arkadios Wealth Advisors now owns 56,501 shares of the company’s stock valued at $1,273,000 after purchasing an additional 1,044 shares during the period. Compass Financial Management LLC purchased a new stake in iShares Yield Optimized Bond ETF during the 2nd quarter worth $32,000. Valmark Advisers Inc. increased its stake in iShares Yield Optimized Bond ETF by 7.6% during the 1st quarter. Valmark Advisers Inc. now owns 23,881 shares of the company’s stock worth $538,000 after buying an additional 1,680 shares during the period. IFP Advisors Inc lifted its holdings in iShares Yield Optimized Bond ETF by 228.4% in the 3rd quarter. IFP Advisors Inc now owns 2,552 shares of the company’s stock worth $55,000 after buying an additional 1,775 shares in the last quarter. Finally, Partners Wealth Management LLC lifted its holdings in iShares Yield Optimized Bond ETF by 7.0% in the 3rd quarter. Partners Wealth Management LLC now owns 53,613 shares of the company’s stock worth $1,155,000 after buying an additional 3,520 shares in the last quarter.

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.