iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Stock Short Interest Drops 88.2%

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the recipient of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 15,759 shares, a decrease of 88.2% from the October 15th total of 134,002 shares. Based on an average daily volume of 96,677 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of iShares Yield Optimized Bond ETF

Several hedge funds have recently modified their holdings of BYLD. Citadel Advisors LLC acquired a new position in iShares Yield Optimized Bond ETF during the 2nd quarter worth $1,359,000. Envestnet Portfolio Solutions Inc. bought a new position in iShares Yield Optimized Bond ETF in the 2nd quarter valued at $4,594,000. Advisory Solutions Group LLC bought a new position in iShares Yield Optimized Bond ETF in the 2nd quarter valued at $677,000. Fifth Third Securities Inc. acquired a new stake in shares of iShares Yield Optimized Bond ETF in the 3rd quarter valued at $1,814,000. Finally, Align Financial LLC increased its stake in shares of iShares Yield Optimized Bond ETF by 3,169.4% in the 3rd quarter. Align Financial LLC now owns 33,217 shares of the company’s stock valued at $715,000 after buying an additional 32,201 shares during the period.

iShares Yield Optimized Bond ETF Price Performance

Shares of BYLD traded down $0.03 on Friday, reaching $21.59. 39,810 shares of the stock traded hands, compared to its average volume of 102,476. The firm has a market cap of $416.59 million, a price-to-earnings ratio of 10.76 and a beta of 0.28. iShares Yield Optimized Bond ETF has a 12 month low of $21.39 and a 12 month high of $23.06. The stock’s 50-day moving average price is $21.79 and its 200-day moving average price is $22.38.

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.