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

iShares High Yield Systematic Bond ETF (BATS:HYDB) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 41,593 shares, a growth of 94.7% from the August 15th total of 21,365 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 152,616 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On iShares High Yield Systematic Bond ETF

A number of hedge funds have recently made changes to their positions in the business. Continuum Advisory LLC bought a new position in shares of iShares High Yield Systematic Bond ETF during the 2nd quarter valued at $121,000. Atlantic Private Wealth LLC bought a new stake in iShares High Yield Systematic Bond ETF in the second quarter worth $126,000. DMC Group LLC purchased a new stake in iShares High Yield Systematic Bond ETF during the second quarter valued at about $270,000. Operose Advisors LLC purchased a new stake in iShares High Yield Systematic Bond ETF during the second quarter valued at about $365,000. Finally, NBT Bank N A NY grew its stake in shares of iShares High Yield Systematic Bond ETF by 13.3% during the first quarter. NBT Bank N A NY now owns 12,080 shares of the company’s stock valued at $562,000 after buying an additional 1,420 shares during the last quarter.

iShares High Yield Systematic Bond ETF Stock Performance

BATS:HYDB opened at $45.79 on Wednesday. The business has a 50 day moving average of $46.37 and a 200 day moving average of $46.62. iShares High Yield Systematic Bond ETF has a 1-year low of $45.79 and a 1-year high of $47.99.

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.