iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) Sees Large Drop in Short Interest

iShares Yield Optimized Bond ETF (NYSEARCA:BYLD) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 12,545 shares, a drop of 65.6% from the December 31st total of 36,449 shares. Based on an average daily volume of 50,958 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 50,958 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On iShares Yield Optimized Bond ETF

Several large investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new stake in shares of iShares Yield Optimized Bond ETF during the second quarter worth $28,000. Advisory Services Network LLC purchased a new position in shares of iShares Yield Optimized Bond ETF in the 3rd quarter valued at $37,000. Asset Dedication LLC bought a new stake in shares of iShares Yield Optimized Bond ETF in the 2nd quarter valued at about $37,000. Darwin Wealth Management LLC acquired a new stake in iShares Yield Optimized Bond ETF in the second quarter valued at approximately $47,000. Finally, Ameritas Advisory Services LLC acquired a new position in iShares Yield Optimized Bond ETF during the 2nd quarter valued at about $185,000.

iShares Yield Optimized Bond ETF Stock Down 0.1%

NYSEARCA:BYLD traded down $0.02 during mid-day trading on Wednesday, hitting $22.89. 36,458 shares of the company traded hands, compared to its average volume of 51,037. The stock’s fifty day moving average price is $22.85 and its 200-day moving average price is $22.80. The firm has a market cap of $310.16 million, a price-to-earnings ratio of 10.76 and a beta of 0.26. iShares Yield Optimized Bond ETF has a one year low of $21.55 and a one year high of $23.14.

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.