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

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 36,449 shares, an increase of 32.8% from the December 15th total of 27,448 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 42,849 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 42,849 shares, the short-interest ratio is currently 0.9 days. Currently, 0.3% of the company’s stock are short sold.

iShares Yield Optimized Bond ETF Price Performance

Shares of NYSEARCA BYLD remained flat at $22.87 during midday trading on Friday. The stock had a trading volume of 42,694 shares, compared to its average volume of 50,163. The stock’s 50-day moving average price is $22.84 and its two-hundred day moving average price is $22.78. iShares Yield Optimized Bond ETF has a twelve month low of $21.55 and a twelve month high of $23.14. The company has a market capitalization of $309.89 million, a PE ratio of 10.76 and a beta of 0.26.

Institutional Trading of iShares Yield Optimized Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Valmark Advisers Inc. acquired a new position in shares of iShares Yield Optimized Bond ETF during the second quarter worth approximately $287,000. Truist Financial Corp raised its position in iShares Yield Optimized Bond ETF by 41.4% in the second quarter. Truist Financial Corp now owns 190,900 shares of the company’s stock worth $4,316,000 after purchasing an additional 55,935 shares in the last quarter. Osaic Holdings Inc. raised its holdings in shares of iShares Yield Optimized Bond ETF by 153.1% in the 2nd quarter. Osaic Holdings Inc. now owns 348,292 shares of the company’s stock worth $7,875,000 after buying an additional 210,661 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of iShares Yield Optimized Bond ETF during the 2nd quarter worth approximately $222,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of iShares Yield Optimized Bond ETF by 56.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 98,389 shares of the company’s stock valued at $2,225,000 after purchasing an additional 35,304 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.