iShares Yield Optimized Bond ETF (NYSEARCA:BYLD – Get Free Report) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 95,816 shares, a growth of 80.2% from the June 30th total of 53,184 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 80,354 shares, the short-interest ratio is currently 1.2 days.
Institutional Investors Weigh In On iShares Yield Optimized Bond ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of BYLD. Horizon Wealth Management LLC purchased a new stake in shares of iShares Yield Optimized Bond ETF during the first quarter worth $51,833,000. LPL Financial LLC grew its position in shares of iShares Yield Optimized Bond ETF by 11.3% in the fourth quarter. LPL Financial LLC now owns 943,594 shares of the company’s stock valued at $21,490,000 after purchasing an additional 95,537 shares in the last quarter. Focus Partners Wealth raised its stake in shares of iShares Yield Optimized Bond ETF by 1.1% during the 4th quarter. Focus Partners Wealth now owns 531,124 shares of the company’s stock valued at $12,096,000 after purchasing an additional 5,743 shares during the period. Bank of America Corp DE raised its stake in shares of iShares Yield Optimized Bond ETF by 4.4% during the 1st quarter. Bank of America Corp DE now owns 397,860 shares of the company’s stock valued at $8,964,000 after purchasing an additional 16,660 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in iShares Yield Optimized Bond ETF by 4.0% during the 4th quarter. Osaic Holdings Inc. now owns 377,251 shares of the company’s stock worth $8,591,000 after purchasing an additional 14,457 shares in the last quarter.
iShares Yield Optimized Bond ETF Trading Up 0.1%
Shares of NYSEARCA BYLD traded up $0.03 during midday trading on Thursday, hitting $22.33. The company’s stock had a trading volume of 46,917 shares, compared to its average volume of 104,610. The firm has a market capitalization of $447.72 million, a price-to-earnings ratio of 10.76 and a beta of 0.27. The stock has a fifty day moving average price of $22.53 and a 200 day moving average price of $22.65. iShares Yield Optimized Bond ETF has a one year low of $22.26 and a one 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.
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