iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Sees Significant Increase in Short Interest

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 64,429 shares, an increase of 77.2% from the August 31st total of 36,365 shares. Based on an average daily trading volume, of 80,984 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Trading of iShares Yield Optimized Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. Horizon Wealth Management LLC acquired a new stake in iShares Yield Optimized Bond ETF during the first quarter worth about $51,833,000. Bank of America Corp DE boosted its stake in iShares Yield Optimized Bond ETF by 4.4% in the first quarter. Bank of America Corp DE now owns 397,860 shares of the company’s stock valued at $8,964,000 after acquiring an additional 16,660 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of 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 valued at $8,538,000 after purchasing an additional 12,317 shares during the last quarter. Cetera Investment Advisers raised its position in shares of iShares Yield Optimized Bond ETF by 37.5% during the 1st quarter. Cetera Investment Advisers now owns 272,348 shares of the company’s stock worth $6,136,000 after purchasing an additional 74,285 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of iShares Yield Optimized Bond ETF in the 2nd quarter worth approximately $4,594,000.

iShares Yield Optimized Bond ETF Stock Down 0.1%

Shares of BYLD traded down $0.02 during mid-day trading on Tuesday, hitting $21.58. The stock had a trading volume of 105,831 shares, compared to its average volume of 102,360. iShares Yield Optimized Bond ETF has a fifty-two week low of $21.53 and a fifty-two week high of $23.14. The company has a market cap of $433.74 million, a PE ratio of 10.76 and a beta of 0.27. The company’s fifty day simple moving average is $22.20 and its two-hundred day simple moving average is $22.44.

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.