iShares High Yield Systematic Bond ETF (BATS:HYDB) Short Interest Up 4,254.0% in April

iShares High Yield Systematic Bond ETF (BATS:HYDB) was the target of a significant increase in short interest during 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. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 257,628 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HYDB. Manning & Napier Advisors LLC boosted its holdings in shares of iShares High Yield Systematic Bond ETF by 511.4% in the fourth quarter. Manning & Napier Advisors LLC now owns 121,945 shares of the company’s stock valued at $5,779,000 after buying an additional 101,999 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of iShares High Yield Systematic Bond ETF by 12.8% in 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. boosted its holdings in shares of iShares High Yield Systematic Bond ETF by 22.9% in 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 boosted its holdings in shares of iShares High Yield Systematic Bond ETF by 9.3% in 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 holdings in shares of 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 buying an additional 32,529 shares during the period.

iShares High Yield Systematic Bond ETF Stock Performance

Shares of BATS HYDB opened at $46.81 on Tuesday. The firm has a 50 day moving average price of $46.78 and a 200 day moving average price of $47.20. iShares High Yield Systematic Bond ETF has a 52-week low of $45.96 and a 52-week 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.