iShares High Yield Systematic Bond ETF (BATS:HYDB – Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 23,686 shares, a decline of 55.5% from the September 30th total of 53,169 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 286,591 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of iShares High Yield Systematic Bond ETF
Several hedge funds have recently added to or reduced their stakes in HYDB. North Star Investment Management Corp. purchased a new position in iShares High Yield Systematic Bond ETF in the third quarter valued at approximately $53,000. NBT Bank N.A. purchased a new stake in iShares High Yield Systematic Bond ETF in the 3rd quarter worth about $483,000. Adirondack Trust Co. bought a new stake in iShares High Yield Systematic Bond ETF in the 3rd quarter valued at about $73,000. CX Institutional purchased a new stake in iShares High Yield Systematic Bond ETF during the third quarter valued at about $86,910,000. Finally, GoalVest Advisory LLC purchased a new stake in shares of iShares High Yield Systematic Bond ETF during the 3rd quarter valued at approximately $61,000.
iShares High Yield Systematic Bond ETF Stock Performance
iShares High Yield Systematic Bond ETF stock opened at $44.99 on Friday. The firm’s 50-day simple moving average is $45.50 and its 200 day simple moving average is $46.52. iShares High Yield Systematic Bond ETF has a fifty-two week low of $44.40 and a fifty-two week high of $47.74.
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.
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