iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Short Interest Down 37.5% in March

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 11,078 shares, a drop of 37.5% from the March 15th total of 17,711 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 267,867 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Arax Advisory Partners purchased a new position in iShares Yield Optimized Bond ETF in the fourth quarter valued at about $25,000. Asset Dedication LLC acquired a new stake in shares of iShares Yield Optimized Bond ETF in the second quarter valued at approximately $37,000. Advisory Services Network LLC acquired a new stake in shares of iShares Yield Optimized Bond ETF in the third quarter valued at approximately $37,000. Fifth Third Bancorp grew its position in shares of iShares Yield Optimized Bond ETF by 42.2% in the third quarter. Fifth Third Bancorp now owns 1,789 shares of the company’s stock valued at $41,000 after purchasing an additional 531 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of iShares Yield Optimized Bond ETF during the second quarter worth about $47,000.

iShares Yield Optimized Bond ETF Stock Performance

NYSEARCA:BYLD traded down $0.01 during mid-day trading on Wednesday, reaching $22.72. The stock had a trading volume of 70,415 shares, compared to its average volume of 99,768. The firm has a market capitalization of $383.97 million, a price-to-earnings ratio of 10.76 and a beta of 0.28. iShares Yield Optimized Bond ETF has a twelve month low of $21.93 and a twelve month high of $23.14. The business has a 50 day simple moving average of $22.71 and a 200 day simple moving average of $22.81.

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.