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

iShares High Yield Systematic Bond ETF (BATS:HYDB) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 83,961 shares, a drop of 55.6% from the April 30th total of 189,136 shares. Based on an average daily trading volume, of 273,531 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Northland Securities Inc. bought a new position in iShares High Yield Systematic Bond ETF during the fourth quarter valued at about $236,000. Flagship Harbor Advisors LLC bought a new position in iShares High Yield Systematic Bond ETF during the fourth quarter valued at about $268,000. NBT Bank N A NY boosted its stake in iShares High Yield Systematic Bond ETF by 10.0% during the fourth 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 in the last quarter. First Citizens Asset Management Inc. bought a new position in iShares High Yield Systematic Bond ETF during the first quarter valued at about $636,000. Finally, Farther Finance Advisors LLC boosted its stake in iShares High Yield Systematic Bond ETF by 178.1% during the fourth quarter. Farther Finance Advisors LLC now owns 15,149 shares of the company’s stock valued at $717,000 after buying an additional 9,701 shares in the last quarter.

iShares High Yield Systematic Bond ETF Stock Up 0.2%

Shares of HYDB stock opened at $46.98 on Friday. The stock has a 50-day simple moving average of $46.75 and a 200 day simple moving average of $47.14. iShares High Yield Systematic Bond ETF has a fifty-two week low of $45.96 and a fifty-two week 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.