iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Sees Significant Increase in Short Interest

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 64,429 shares, a growth of 77.2% from the August 31st total of 36,365 shares. Based on an average daily trading volume, of 80,984 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the company are sold short.

iShares Yield Optimized Bond ETF Stock Down 0.1%

BYLD stock traded down $0.02 during mid-day trading on Tuesday, reaching $21.58. The company had a trading volume of 105,831 shares, compared to its average volume of 102,360. The stock has a market capitalization of $433.74 million, a P/E ratio of 10.76 and a beta of 0.27. iShares Yield Optimized Bond ETF has a one year low of $21.53 and a one year high of $23.14. The stock’s 50-day simple moving average is $22.20 and its two-hundred day simple moving average is $22.44.

Institutional Trading of iShares Yield Optimized Bond ETF

A number of large investors have recently modified their holdings of the company. Horizon Wealth Management LLC bought a new position in shares of iShares Yield Optimized Bond ETF in the first quarter valued at approximately $51,833,000. Envestnet Portfolio Solutions Inc. bought a new stake in iShares Yield Optimized Bond ETF during the second quarter worth approximately $4,594,000. Modern Wealth Management LLC acquired a new position in shares of iShares Yield Optimized Bond ETF during the 1st quarter valued at $2,623,000. Cetera Investment Advisers increased its position in shares of iShares Yield Optimized Bond ETF by 37.5% during the 1st quarter. Cetera Investment Advisers now owns 272,348 shares of the company’s stock valued at $6,136,000 after purchasing an additional 74,285 shares during the period. Finally, Members Trust Co raised its stake in shares of iShares Yield Optimized Bond ETF by 325.9% in the 1st quarter. Members Trust Co now owns 90,173 shares of the company’s stock worth $2,032,000 after buying an additional 69,000 shares in the last quarter.

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.