iShares Yield Optimized Bond ETF (NYSEARCA:BYLD – Get Free Report) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 36,449 shares, an increase of 32.8% from the December 15th total of 27,448 shares. Based on an average daily volume of 42,849 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 42,849 shares, the short-interest ratio is presently 0.9 days.
iShares Yield Optimized Bond ETF Stock Performance
Shares of NYSEARCA:BYLD remained flat at $22.87 during trading on Friday. 42,694 shares of the stock traded hands, compared to its average volume of 50,163. iShares Yield Optimized Bond ETF has a 12 month low of $21.55 and a 12 month high of $23.14. The company’s fifty day moving average is $22.84 and its 200-day moving average is $22.78. The company has a market capitalization of $309.89 million, a price-to-earnings ratio of 10.76 and a beta of 0.26.
Institutional Trading of iShares Yield Optimized Bond ETF
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp bought a new position in shares of iShares Yield Optimized Bond ETF during the second quarter worth $28,000. Asset Dedication LLC bought a new stake in shares of iShares Yield Optimized Bond ETF in the second quarter worth about $37,000. Advisory Services Network LLC bought a new stake in shares of iShares Yield Optimized Bond ETF in the third quarter worth about $37,000. Darwin Wealth Management LLC bought a new position in iShares Yield Optimized Bond ETF in the second quarter valued at approximately $47,000. Finally, Ameritas Advisory Services LLC acquired a new position in iShares Yield Optimized Bond ETF in the 2nd quarter worth $185,000.
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.
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