iShares Morningstar Multi-Asset Income ETF (BATS:IYLD – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 19,645 shares, an increase of 487.1% from the September 30th total of 3,346 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 28,438 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC bought a new stake in shares of iShares Morningstar Multi-Asset Income ETF in the 2nd quarter worth about $36,000. First PREMIER Bank purchased a new position in shares of iShares Morningstar Multi-Asset Income ETF during the 2nd quarter worth about $349,000. Renasant Bank purchased a new position in shares of iShares Morningstar Multi-Asset Income ETF during the 2nd quarter worth about $1,328,000. Oarsman Capital Inc. bought a new position in iShares Morningstar Multi-Asset Income ETF during the 2nd quarter valued at about $826,000. Finally, RPg Family Wealth Advisory LLC bought a new position in iShares Morningstar Multi-Asset Income ETF during the 2nd quarter valued at about $72,000.
iShares Morningstar Multi-Asset Income ETF Stock Performance
BATS:IYLD opened at $21.65 on Tuesday. The stock’s fifty day moving average is $21.95 and its 200 day moving average is $22.05. iShares Morningstar Multi-Asset Income ETF has a fifty-two week low of $21.13 and a fifty-two week high of $22.55. The firm has a market capitalization of $119.07 million, a PE ratio of 12.85 and a beta of 0.48.
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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