iShares High Yield Systematic Bond ETF (BATS:HYDB) Short Interest Update

iShares High Yield Systematic Bond ETF (BATS:HYDB) saw a large 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. Based on an average daily volume of 257,628 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares High Yield Systematic Bond ETF

Hedge funds have recently bought and sold shares of the company. CoreCap Advisors LLC boosted its position in shares of iShares High Yield Systematic Bond ETF by 488.6% during the 3rd quarter. CoreCap Advisors LLC now owns 518 shares of the company’s stock valued at $25,000 after purchasing an additional 430 shares in the last quarter. Northland Securities Inc. bought a new position in shares of iShares High Yield Systematic Bond ETF during the 4th quarter worth approximately $236,000. Flagship Harbor Advisors LLC bought a new position in shares of iShares High Yield Systematic Bond ETF during the 4th quarter worth approximately $268,000. NBT Bank N A NY boosted its holdings in shares of iShares High Yield Systematic Bond ETF by 7.2% during the 3rd quarter. NBT Bank N A NY now owns 9,695 shares of the company’s stock worth $464,000 after buying an additional 650 shares in the last quarter. Finally, First Citizens Asset Management Inc. bought a new position in shares of iShares High Yield Systematic Bond ETF during the 1st quarter worth approximately $636,000.

iShares High Yield Systematic Bond ETF Price Performance

BATS HYDB traded down $0.05 during mid-day trading on Wednesday, reaching $46.70. 44,171 shares of the stock were exchanged, compared to its average volume of 289,304. iShares High Yield Systematic Bond ETF has a one year low of $45.96 and a one year high of $47.99. The stock has a 50 day simple moving average of $46.77 and a 200-day simple moving average of $47.20.

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.