iShares High Yield Systematic Bond ETF (BATS:HYDB) Sees Large Decrease in Short Interest

iShares High Yield Systematic Bond ETF (BATS:HYDB) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,806 shares, a decline of 50.4% from the July 15th total of 5,657 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 201,279 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of iShares High Yield Systematic Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its position in iShares High Yield Systematic Bond ETF by 8.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 927,769 shares of the company’s stock valued at $44,357,000 after purchasing an additional 73,917 shares during the period. Cornerstone Planning Group LLC raised its stake in shares of 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 worth $18,058,000 after buying an additional 32,933 shares during the last quarter. IMA Advisory Services Inc. raised its stake in shares of iShares High Yield Systematic Bond ETF by 5.8% during the fourth quarter. IMA Advisory Services Inc. now owns 294,840 shares of the company’s stock worth $13,961,000 after buying an additional 16,189 shares during the last quarter. Manning & Napier Advisors LLC lifted its holdings in iShares High Yield Systematic Bond ETF by 78.3% in the first quarter. Manning & Napier Advisors LLC now owns 217,378 shares of the company’s stock valued at $10,017,000 after buying an additional 95,433 shares during the period. Finally, Mascagni Wealth Management Inc. boosted its stake in iShares High Yield Systematic Bond ETF by 3.1% in the first quarter. Mascagni Wealth Management Inc. now owns 105,072 shares of the company’s stock valued at $4,888,000 after acquiring an additional 3,143 shares during the last quarter.

iShares High Yield Systematic Bond ETF Stock Down 0.1%

Shares of HYDB opened at $46.50 on Friday. The stock’s fifty day simple moving average is $46.53 and its 200-day simple moving average is $46.81. iShares High Yield Systematic Bond ETF has a 12-month low of $45.96 and a 12-month 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.