iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Short Interest Update

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 41,599 shares, a growth of 283.8% from the February 12th total of 10,838 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 88,876 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 88,876 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

iShares Yield Optimized Bond ETF Trading Down 0.5%

NYSEARCA BYLD traded down $0.12 during trading on Thursday, reaching $22.49. 113,099 shares of the company’s stock were exchanged, compared to its average volume of 67,819. iShares Yield Optimized Bond ETF has a fifty-two week low of $21.55 and a fifty-two week high of $23.14. The firm has a market capitalization of $304.74 million, a PE ratio of 10.76 and a beta of 0.26. The company’s fifty day simple moving average is $22.87 and its 200-day simple moving average is $22.86.

Institutional Trading of iShares Yield Optimized Bond ETF

Hedge funds have recently made changes to their positions in the stock. Arax Advisory Partners purchased a new position in iShares Yield Optimized Bond ETF during the fourth quarter valued at approximately $25,000. Asset Dedication LLC acquired a new stake in shares of iShares Yield Optimized Bond ETF during the 2nd quarter valued at $37,000. Advisory Services Network LLC acquired a new stake in shares of iShares Yield Optimized Bond ETF during the 3rd quarter valued at $37,000. Fifth Third Bancorp grew its holdings in shares of iShares Yield Optimized Bond ETF by 42.2% during the 3rd quarter. Fifth Third Bancorp now owns 1,789 shares of the company’s stock valued at $41,000 after acquiring an additional 531 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of iShares Yield Optimized Bond ETF during the 2nd quarter valued at $47,000.

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.