iShares High Yield Systematic Bond ETF (BATS:HYDB) Sees Significant Decline in Short Interest

iShares High Yield Systematic Bond ETF (BATS:HYDB) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 5,657 shares, a drop of 95.1% from the June 30th total of 114,384 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 165,272 shares, the short-interest ratio is presently 0.0 days.

iShares High Yield Systematic Bond ETF Trading Up 0.0%

Shares of BATS HYDB traded up $0.01 during midday trading on Friday, reaching $46.22. 159,727 shares of the stock were exchanged, compared to its average volume of 251,977. iShares High Yield Systematic Bond ETF has a 12 month low of $45.96 and a 12 month high of $47.99. The business has a 50-day simple moving average of $46.63 and a two-hundred day simple moving average of $46.94.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northland Securities Inc. acquired a new position in iShares High Yield Systematic Bond ETF in the fourth quarter valued at about $236,000. Flagship Harbor Advisors LLC bought a new position in shares of iShares High Yield Systematic Bond ETF during the 4th quarter valued at about $268,000. NBT Bank N A NY grew its position in shares of iShares High Yield Systematic Bond ETF by 10.0% in the 4th quarter. NBT Bank N A NY now owns 10,660 shares of the company’s stock valued at $505,000 after purchasing an additional 965 shares during the period. First Citizens Asset Management Inc. acquired a new position in shares of iShares High Yield Systematic Bond ETF in the 1st quarter valued at approximately $636,000. Finally, Farther Finance Advisors LLC increased its stake in iShares High Yield Systematic Bond ETF by 178.1% during the 4th quarter. Farther Finance Advisors LLC now owns 15,149 shares of the company’s stock worth $717,000 after purchasing an additional 9,701 shares in the last quarter.

iShares High Yield Systematic Bond ETF Company Profile

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.