iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) Short Interest Down 54.6% in May

iShares Morningstar Multi-Asset Income ETF (BATS:IYLD) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 17,373 shares, a drop of 54.6% from the April 30th total of 38,251 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 28,817 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IYLD. IFP Advisors Inc lifted its holdings in shares of iShares Morningstar Multi-Asset Income ETF by 923.9% during the third quarter. IFP Advisors Inc now owns 4,106 shares of the company’s stock valued at $87,000 after acquiring an additional 3,705 shares during the period. Triumph Capital Management bought a new position in shares of iShares Morningstar Multi-Asset Income ETF during the third quarter valued at $48,000. NewEdge Advisors LLC lifted its holdings in shares of iShares Morningstar Multi-Asset Income ETF by 77.9% during the first quarter. NewEdge Advisors LLC now owns 3,484 shares of the company’s stock valued at $70,000 after acquiring an additional 1,526 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of iShares Morningstar Multi-Asset Income ETF by 15.9% during the third quarter. Jones Financial Companies Lllp now owns 6,964 shares of the company’s stock valued at $148,000 after acquiring an additional 954 shares during the period. Finally, IHT Wealth Management LLC lifted its holdings in shares of iShares Morningstar Multi-Asset Income ETF by 5.6% during the fourth quarter. IHT Wealth Management LLC now owns 12,982 shares of the company’s stock valued at $278,000 after acquiring an additional 690 shares during the period.

iShares Morningstar Multi-Asset Income ETF Stock Performance

Shares of BATS IYLD opened at $22.28 on Monday. The stock has a market cap of $122.54 million, a PE ratio of 12.85 and a beta of 0.48. The business has a fifty day moving average of $22.02 and a two-hundred day moving average of $21.88. iShares Morningstar Multi-Asset Income ETF has a 52-week low of $20.32 and a 52-week high of $22.55.

About iShares Morningstar Multi-Asset Income ETF

The iShares Morningstar Multi-Asset Income ETF (IYLD) is an exchange-traded fund that is based on the Morningstar Multi-Asset High Income index. The fund tracks an index of fixed-income, equity, preferred stock and REIT ETFs with a focus on income production. IYLD was launched on Apr 5, 2012 and is managed by BlackRock.