iShares High Yield Systematic Bond ETF (BATS:HYDB) Short Interest Update

iShares High Yield Systematic Bond ETF (BATS:HYDB) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 189,136 shares, an increase of 4,254.0% from the April 15th total of 4,344 shares. Based on an average daily volume of 257,628 shares, the short-interest ratio is currently 0.7 days. Currently, 0.6% of the shares of the company are short sold.

Institutional Trading of iShares High Yield Systematic Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYDB. Manning & Napier Advisors LLC grew its stake in iShares High Yield Systematic Bond ETF by 511.4% in the 4th quarter. Manning & Napier Advisors LLC now owns 121,945 shares of the company’s stock worth $5,779,000 after acquiring an additional 101,999 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in iShares High Yield Systematic Bond ETF by 12.8% during the second quarter. Ameriprise Financial Inc. now owns 853,852 shares of the company’s stock valued at $40,537,000 after buying an additional 96,669 shares during the period. JPMorgan Chase & Co. increased its holdings in iShares High Yield Systematic Bond ETF by 22.9% during the third quarter. JPMorgan Chase & Co. now owns 277,216 shares of the company’s stock valued at $13,263,000 after buying an additional 51,671 shares during the period. Cornerstone Planning Group LLC increased its holdings in iShares High Yield Systematic Bond ETF by 9.3% during the first quarter. Cornerstone Planning Group LLC now owns 385,864 shares of the company’s stock valued at $18,058,000 after buying an additional 32,933 shares during the period. Finally, BlueStem Wealth Partners LLC boosted its stake in iShares High Yield Systematic Bond ETF by 14.1% in the third quarter. BlueStem Wealth Partners LLC now owns 262,857 shares of the company’s stock valued at $12,576,000 after acquiring an additional 32,529 shares in the last quarter.

iShares High Yield Systematic Bond ETF Stock Down 0.2%

BATS HYDB traded down $0.08 during trading hours on Monday, reaching $46.81. The company’s stock had a trading volume of 188,828 shares, compared to its average volume of 292,710. The firm’s 50-day moving average price is $46.81 and its 200-day moving average price is $47.21. iShares High Yield Systematic Bond ETF has a 1 year low of $45.96 and a 1 year high of $47.99.

About iShares High Yield Systematic Bond ETF

The iShares High Yield Bond Factor ETF (HYDB) is an exchange-traded fund that is based on the BlackRock High Yield Defensive Bond index. The fund tracks a broad-maturity, multifactor index of high-yield bonds. The index selects and weights bonds based on default probability, default-adjusted spreads, and volatility. HYDB was launched on Jul 11, 2017 and is managed by BlackRock.