iShares Morningstar Multi-Asset Income ETF (BATS:IYLD – Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,440 shares, a drop of 44.9% from the August 15th total of 9,881 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 17,016 shares, the short-interest ratio is currently 0.3 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of IYLD. Renasant Bank purchased a new position in iShares Morningstar Multi-Asset Income ETF during the 2nd quarter worth $1,328,000. Oarsman Capital Inc. purchased a new stake in shares of iShares Morningstar Multi-Asset Income ETF in the 2nd quarter worth $826,000. NewEdge Advisors LLC bought a new position in shares of iShares Morningstar Multi-Asset Income ETF during the 2nd quarter worth $36,000. First PREMIER Bank bought a new position in shares of iShares Morningstar Multi-Asset Income ETF during the 2nd quarter worth $349,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of iShares Morningstar Multi-Asset Income ETF during the second quarter valued at $72,000.
iShares Morningstar Multi-Asset Income ETF Trading Down 0.4%
Shares of IYLD stock traded down $0.08 on Tuesday, reaching $21.97. 18,516 shares of the company’s stock were exchanged, compared to its average volume of 20,248. The stock has a market capitalization of $120.83 million, a PE ratio of 12.85 and a beta of 0.48. iShares Morningstar Multi-Asset Income ETF has a 52 week low of $20.90 and a 52 week high of $22.55. The company’s fifty day simple moving average is $22.18 and its 200 day simple moving average is $22.10.
iShares Morningstar Multi-Asset Income ETF Company Profile
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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