iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Short Interest Down 52.3% in February

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 10,838 shares, a decrease of 52.3% from the January 29th total of 22,744 shares. Based on an average daily volume of 51,181 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 51,181 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BYLD. Envestnet Asset Management Inc. raised its stake in shares of iShares Yield Optimized Bond ETF by 56.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 98,389 shares of the company’s stock worth $2,225,000 after purchasing an additional 35,304 shares in the last quarter. Altman Advisors Inc. raised its holdings in shares of iShares Yield Optimized Bond ETF by 0.8% in the 2nd quarter. Altman Advisors Inc. now owns 258,762 shares of the company’s stock valued at $5,851,000 after purchasing an additional 2,171 shares during the period. Cetera Investment Advisers lifted its holdings in shares of iShares Yield Optimized Bond ETF by 9.4% during the 2nd quarter. Cetera Investment Advisers now owns 11,153 shares of the company’s stock worth $252,000 after acquiring an additional 956 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of iShares Yield Optimized Bond ETF by 23.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 77,438 shares of the company’s stock valued at $1,751,000 after purchasing an additional 14,948 shares in the last quarter. Finally, LWM Advisory Services LLC lifted its position in shares of iShares Yield Optimized Bond ETF by 0.4% during the 2nd quarter. LWM Advisory Services LLC now owns 137,343 shares of the company’s stock worth $3,105,000 after buying an additional 500 shares during the last quarter.

iShares Yield Optimized Bond ETF Stock Performance

BYLD stock remained flat at $23.02 during trading on Friday. 9,481 shares of the company traded hands, compared to its average volume of 58,191. The company has a 50 day simple moving average of $22.87 and a 200-day simple moving average of $22.86. The company has a market cap of $311.92 million, a PE ratio of 10.76 and a beta of 0.26. iShares Yield Optimized Bond ETF has a 1 year low of $21.55 and a 1 year high of $23.14.

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.