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

iShares High Yield Systematic Bond ETF (BATS:HYDB) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 114,384 shares, a growth of 975.1% from the June 15th total of 10,639 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 125,686 shares, the short-interest ratio is presently 0.9 days.

Institutional Investors Weigh In On iShares High Yield Systematic Bond ETF

A number of hedge funds have recently modified their holdings of HYDB. Northland Securities Inc. acquired a new stake in iShares High Yield Systematic Bond ETF during the fourth quarter worth about $236,000. Flagship Harbor Advisors LLC acquired a new position in iShares High Yield Systematic Bond ETF in the 4th quarter valued at about $268,000. NBT Bank N A NY grew its stake 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 buying an additional 965 shares during the period. First Citizens Asset Management Inc. purchased a new stake 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 holdings in shares of 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 buying an additional 9,701 shares during the last quarter.

iShares High Yield Systematic Bond ETF Stock Down 0.1%

Shares of HYDB traded down $0.06 during midday trading on Friday, reaching $46.50. The company had a trading volume of 99,588 shares, compared to its average volume of 256,151. iShares High Yield Systematic Bond ETF has a 1-year low of $45.96 and a 1-year high of $47.99. The firm has a 50 day simple moving average of $46.72 and a 200-day simple moving average of $47.01.

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.