iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Sees Large Decline in Short Interest

iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) saw a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,537 shares, a decrease of 85.4% from the May 14th total of 17,373 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 16,315 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On iShares Morningstar Multi-Asset Income ETF

A number of hedge funds have recently modified their holdings of the business. Triumph Capital Management bought a new stake in shares of iShares Morningstar Multi-Asset Income ETF in the third quarter worth $48,000. NewEdge Advisors LLC raised its position in iShares Morningstar Multi-Asset Income ETF by 77.9% during the 1st quarter. NewEdge Advisors LLC now owns 3,484 shares of the company’s stock worth $70,000 after purchasing an additional 1,526 shares during the last quarter. IFP Advisors Inc lifted its holdings in iShares Morningstar Multi-Asset Income ETF by 923.9% during the 3rd quarter. IFP Advisors Inc now owns 4,106 shares of the company’s stock worth $87,000 after buying an additional 3,705 shares during the period. Jones Financial Companies Lllp grew its position in shares of iShares Morningstar Multi-Asset Income ETF by 15.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 6,964 shares of the company’s stock valued at $148,000 after buying an additional 954 shares during the last quarter. Finally, IHT Wealth Management LLC grew its position in shares of iShares Morningstar Multi-Asset Income ETF by 5.6% in the 4th quarter. IHT Wealth Management LLC now owns 12,982 shares of the company’s stock valued at $278,000 after buying an additional 690 shares during the last quarter.

iShares Morningstar Multi-Asset Income ETF Price Performance

BATS:IYLD opened at $21.99 on Thursday. iShares Morningstar Multi-Asset Income ETF has a one year low of $20.42 and a one year high of $22.55. The company has a market cap of $120.95 million, a PE ratio of 12.85 and a beta of 0.48. The firm’s 50 day simple moving average is $22.10 and its 200 day simple moving average is $21.92.

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.