iShares Morningstar Multi-Asset Income ETF (BATS:IYLD – Get Free Report) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 5,767 shares, an increase of 127.3% from the May 31st total of 2,537 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 8,396 shares, the days-to-cover ratio is currently 0.7 days.
Hedge Funds Weigh In On iShares Morningstar Multi-Asset Income ETF
Several institutional investors and hedge funds have recently made changes to their positions in IYLD. IHT Wealth Management LLC raised its stake in iShares Morningstar Multi-Asset Income ETF by 5.6% during the 4th quarter. IHT Wealth Management LLC now owns 12,982 shares of the company’s stock worth $278,000 after buying an additional 690 shares during the period. Triumph Capital Management acquired a new position in iShares Morningstar Multi-Asset Income ETF in the third quarter valued at about $48,000. NewEdge Advisors LLC grew its stake in iShares Morningstar Multi-Asset Income ETF by 77.9% in the first quarter. NewEdge Advisors LLC now owns 3,484 shares of the company’s stock valued at $70,000 after acquiring an additional 1,526 shares during the period. Finally, IFP Advisors Inc increased its holdings in shares of iShares Morningstar Multi-Asset Income ETF by 923.9% in the third quarter. IFP Advisors Inc now owns 4,106 shares of the company’s stock worth $87,000 after acquiring an additional 3,705 shares in the last quarter.
iShares Morningstar Multi-Asset Income ETF Stock Performance
Shares of BATS:IYLD opened at $22.14 on Wednesday. iShares Morningstar Multi-Asset Income ETF has a 52 week low of $20.46 and a 52 week high of $22.55. The company has a market capitalization of $121.77 million, a PE ratio of 12.85 and a beta of 0.48. The company has a 50 day moving average price of $22.16 and a two-hundred day moving average price of $22.00.
About iShares Morningstar Multi-Asset Income ETF
The iShares Morningstar Multi-Asset Income ETF (IYLD) is an exchange-traded fund that is based on the Morningstar Multi-Asset High Income index. The fund tracks an index of fixed-income, equity, preferred stock and REIT ETFs with a focus on income production. IYLD was launched on Apr 5, 2012 and is managed by BlackRock.
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