iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Stock Short Interest Drops 88.2%

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 15,759 shares, a decrease of 88.2% from the October 15th total of 134,002 shares. Based on an average daily trading volume, of 96,677 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On iShares Yield Optimized Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Compass Financial Management LLC purchased a new stake in iShares Yield Optimized Bond ETF in the second quarter worth about $32,000. Russell Investments Group Ltd. bought a new position in shares of iShares Yield Optimized Bond ETF during the 3rd quarter valued at approximately $32,000. IFP Advisors Inc increased its holdings in iShares Yield Optimized Bond ETF by 228.4% in the 3rd quarter. IFP Advisors Inc now owns 2,552 shares of the company’s stock worth $55,000 after acquiring an additional 1,775 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in iShares Yield Optimized Bond ETF in the 2nd quarter worth approximately $95,000. Finally, Gateway Wealth Partners LLC purchased a new stake in iShares Yield Optimized Bond ETF in the 1st quarter worth approximately $203,000.

iShares Yield Optimized Bond ETF Stock Performance

BYLD remained flat at $21.77 during trading on Wednesday. 55,184 shares of the company’s stock traded hands, compared to its average volume of 102,918. The stock has a 50 day moving average price of $21.81 and a 200 day moving average price of $22.39. The stock has a market cap of $420.16 million, a price-to-earnings ratio of 10.76 and a beta of 0.28. iShares Yield Optimized Bond ETF has a fifty-two week low of $21.39 and a fifty-two week high of $23.06.

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.