iShares Morningstar Multi-Asset Income ETF (BATS:IYLD – Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 5,912 shares, a growth of 108.6% from the July 15th total of 2,834 shares. Based on an average daily trading volume, of 8,027 shares, the short-interest ratio is currently 0.7 days. Approximately 0.1% of the company’s shares are sold short.
iShares Morningstar Multi-Asset Income ETF Stock Down 0.1%
iShares Morningstar Multi-Asset Income ETF stock opened at $22.33 on Friday. The firm’s fifty day moving average is $22.14 and its 200 day moving average is $22.11. iShares Morningstar Multi-Asset Income ETF has a 12-month low of $20.72 and a 12-month high of $22.55. The company has a market capitalization of $122.81 million, a PE ratio of 12.85 and a beta of 0.48.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Triumph Capital Management bought a new position in iShares Morningstar Multi-Asset Income ETF in the 3rd quarter valued at $48,000. NewEdge Advisors LLC increased its stake in shares of iShares Morningstar Multi-Asset Income ETF by 77.9% in the first quarter. NewEdge Advisors LLC now owns 3,484 shares of the company’s stock worth $70,000 after purchasing an additional 1,526 shares in the last quarter. Finally, IHT Wealth Management LLC raised its holdings in iShares Morningstar Multi-Asset Income ETF by 5.6% during the 4th quarter. IHT Wealth Management LLC now owns 12,982 shares of the company’s stock valued at $278,000 after acquiring an additional 690 shares during the period.
About iShares Morningstar Multi-Asset Income ETF
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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