iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Short Interest Down 78.8% in July

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 20,351 shares, a drop of 78.8% from the July 15th total of 95,816 shares. Based on an average daily volume of 46,891 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares Yield Optimized Bond ETF

Institutional investors have recently bought and sold shares of the stock. Compass Financial Management LLC purchased a new stake in iShares Yield Optimized Bond ETF during the second quarter valued at about $32,000. Keel Point LLC acquired a new stake in shares of iShares Yield Optimized Bond ETF in the first quarter worth $217,000. Bank of America Corp DE grew its holdings in shares of iShares Yield Optimized Bond ETF by 4.4% during the first quarter. Bank of America Corp DE now owns 397,860 shares of the company’s stock valued at $8,964,000 after buying an additional 16,660 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of iShares Yield Optimized Bond ETF by 1.9% during the first quarter. Arkadios Wealth Advisors now owns 56,501 shares of the company’s stock valued at $1,273,000 after buying an additional 1,044 shares in the last quarter. Finally, Gateway Wealth Partners LLC acquired a new position in iShares Yield Optimized Bond ETF during the first quarter valued at $203,000.

iShares Yield Optimized Bond ETF Trading Up 0.2%

NYSEARCA:BYLD traded up $0.04 during mid-day trading on Thursday, reaching $22.35. 120,963 shares of the stock were exchanged, compared to its average volume of 103,217. iShares Yield Optimized Bond ETF has a 1-year low of $22.26 and a 1-year high of $23.14. The business has a fifty day moving average price of $22.47 and a 200 day moving average price of $22.61. The firm has a market capitalization of $448.12 million, a PE ratio of 10.76 and a beta of 0.27.

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.