iShares Yield Optimized Bond ETF (NYSEARCA:BYLD – Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 20,351 shares, a decline of 78.8% from the July 15th total of 95,816 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 46,891 shares, the short-interest ratio is presently 0.4 days.
iShares Yield Optimized Bond ETF Stock Performance
Shares of NYSEARCA:BYLD opened at $22.32 on Friday. The company’s 50-day moving average is $22.47 and its 200 day moving average is $22.61. The company has a market capitalization of $447.52 million, a P/E ratio of 10.76 and a beta of 0.27. iShares Yield Optimized Bond ETF has a fifty-two week low of $22.26 and a fifty-two week high of $23.14.
Institutional Trading of iShares Yield Optimized Bond ETF
Several hedge funds have recently added to or reduced their stakes in the stock. Daviman Financial LLC bought a new position in shares of iShares Yield Optimized Bond ETF during the 4th quarter valued at approximately $674,000. Horizon Wealth Management LLC bought a new stake in shares of iShares Yield Optimized Bond ETF in the 1st quarter worth approximately $51,833,000. Cetera Investment Advisers raised its holdings in shares of iShares Yield Optimized Bond ETF by 37.5% in 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. Modern Wealth Management LLC bought a new stake in shares of iShares Yield Optimized Bond ETF in the 1st quarter worth approximately $2,623,000. Finally, Members Trust Co lifted its stake in iShares Yield Optimized Bond ETF by 325.9% in the first quarter. Members Trust Co now owns 90,173 shares of the company’s stock valued at $2,032,000 after purchasing an additional 69,000 shares during 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.
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