iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Sees Large Growth in Short Interest

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 40,979 shares, an increase of 101.4% from the July 30th total of 20,351 shares. Based on an average daily trading volume, of 83,882 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Arax Advisory Partners bought a new stake in iShares Yield Optimized Bond ETF during the 4th quarter worth $25,000. Compass Financial Management LLC acquired a new stake in shares of iShares Yield Optimized Bond ETF during the second quarter valued at about $32,000. Advisory Services Network LLC acquired a new position in iShares Yield Optimized Bond ETF in the 3rd quarter valued at approximately $37,000. Darwin Wealth Management LLC bought a new position in iShares Yield Optimized Bond ETF during the 2nd quarter worth $47,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of iShares Yield Optimized Bond ETF in the 4th quarter valued at about $130,000.

iShares Yield Optimized Bond ETF Trading Down 0.2%

NYSEARCA BYLD traded down $0.05 during trading on Friday, hitting $22.35. 25,058 shares of the company’s stock were exchanged, compared to its average volume of 100,760. The company has a market cap of $448.12 million, a PE ratio of 10.76 and a beta of 0.27. iShares Yield Optimized Bond ETF has a fifty-two week low of $22.22 and a fifty-two week high of $23.14. The stock’s 50 day moving average price is $22.42 and its two-hundred day moving average price is $22.57.

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.