Short Interest in iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Increases By 80.2%

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 95,816 shares, an increase of 80.2% from the June 30th total of 53,184 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average trading volume of 80,354 shares, the short-interest ratio is presently 1.2 days.

Institutional Investors Weigh In On iShares Yield Optimized Bond ETF

A number of large investors have recently modified their holdings of BYLD. Keel Point LLC acquired a new stake in shares of iShares Yield Optimized Bond ETF during the 1st quarter worth about $217,000. Bank of America Corp DE increased its stake in iShares Yield Optimized Bond ETF by 4.4% in the first quarter. Bank of America Corp DE now owns 397,860 shares of the company’s stock valued at $8,964,000 after purchasing an additional 16,660 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in 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 worth $1,273,000 after purchasing an additional 1,044 shares in the last quarter. Gateway Wealth Partners LLC acquired a new stake in iShares Yield Optimized Bond ETF during the first quarter worth approximately $203,000. Finally, Modern Wealth Management LLC purchased a new stake in shares of iShares Yield Optimized Bond ETF during the 1st quarter worth approximately $2,623,000.

iShares Yield Optimized Bond ETF Stock Performance

Shares of iShares Yield Optimized Bond ETF stock traded down $0.04 during trading hours on Friday, reaching $22.29. 22,481 shares of the company were exchanged, compared to its average volume of 104,043. iShares Yield Optimized Bond ETF has a 1 year low of $22.26 and a 1 year high of $23.14. The stock’s fifty day moving average is $22.52 and its 200 day moving average is $22.65. The firm has a market cap of $446.91 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.