Short Interest in iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Drops By 37.5%
by Jessica Moore · The Cerbat GemiShares Yield Optimized Bond ETF (NYSEARCA:BYLD – Get Free Report) was the recipient of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 11,078 shares, a drop of 37.5% from the March 15th total of 17,711 shares. Based on an average daily volume of 267,867 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are short sold.
Hedge Funds Weigh In On iShares Yield Optimized Bond ETF
Institutional investors have recently bought and sold shares of the company. Arax Advisory Partners purchased a new position in shares of iShares Yield Optimized Bond ETF in the fourth quarter valued at approximately $25,000. Advisory Services Network LLC purchased a new position in iShares Yield Optimized Bond ETF in the 3rd quarter valued at approximately $37,000. Asset Dedication LLC acquired a new position in shares of iShares Yield Optimized Bond ETF in the second quarter worth $37,000. Fifth Third Bancorp increased its position in shares of iShares Yield Optimized Bond ETF by 42.2% during the third quarter. Fifth Third Bancorp now owns 1,789 shares of the company’s stock worth $41,000 after acquiring an additional 531 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in shares of iShares Yield Optimized Bond ETF during the second quarter worth $47,000.
iShares Yield Optimized Bond ETF Stock Down 0.0%
NYSEARCA:BYLD traded down $0.01 during trading hours on Thursday, reaching $22.71. 12,874 shares of the stock were exchanged, compared to its average volume of 98,554. iShares Yield Optimized Bond ETF has a twelve month low of $21.93 and a twelve month high of $23.14. The business has a 50-day moving average of $22.71 and a two-hundred day moving average of $22.81. The company has a market capitalization of $383.80 million, a price-to-earnings ratio of 10.76 and a beta of 0.28.
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.