iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Short Interest Up 283.8% in February

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 41,599 shares, a growth of 283.8% from the February 12th total of 10,838 shares. Based on an average daily volume of 88,876 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 88,876 shares, the short-interest ratio is currently 0.5 days.

iShares Yield Optimized Bond ETF Stock Performance

Shares of iShares Yield Optimized Bond ETF stock traded down $0.11 during midday trading on Wednesday, reaching $22.61. 43,887 shares of the company’s stock traded hands, compared to its average volume of 66,639. The company has a market cap of $306.37 million, a price-to-earnings ratio of 10.76 and a beta of 0.26. iShares Yield Optimized Bond ETF has a 52 week low of $21.55 and a 52 week high of $23.14. The company’s 50 day simple moving average is $22.88 and its 200 day simple moving average is $22.87.

Hedge Funds Weigh In On iShares Yield Optimized Bond ETF

Several large investors have recently added to or reduced their stakes in BYLD. Arax Advisory Partners acquired a new stake in shares of iShares Yield Optimized Bond ETF during the 4th quarter valued at about $25,000. Advisory Services Network LLC acquired a new stake in shares of iShares Yield Optimized Bond ETF during the 3rd quarter worth about $37,000. Asset Dedication LLC bought a new position in iShares Yield Optimized Bond ETF during the 2nd quarter valued at about $37,000. Fifth Third Bancorp boosted its position in iShares Yield Optimized Bond ETF by 42.2% in the third quarter. Fifth Third Bancorp now owns 1,789 shares of the company’s stock valued at $41,000 after buying an additional 531 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in iShares Yield Optimized Bond ETF in the second quarter valued at about $47,000.

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.