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

iShares High Yield Systematic Bond ETF (BATS:HYDB) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 5,657 shares, a drop of 95.1% from the June 30th total of 114,384 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 165,272 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HYDB. Ameriprise Financial Inc. raised its position in shares of iShares High Yield Systematic Bond ETF by 8.7% in the third quarter. Ameriprise Financial Inc. now owns 927,769 shares of the company’s stock valued at $44,357,000 after buying an additional 73,917 shares in the last quarter. Cornerstone Planning Group LLC raised its stake in iShares High Yield Systematic Bond ETF by 9.3% in the first quarter. Cornerstone Planning Group LLC now owns 385,864 shares of the company’s stock valued at $18,058,000 after purchasing an additional 32,933 shares in the last quarter. IMA Advisory Services Inc. raised its stake in iShares High Yield Systematic Bond ETF by 5.8% in the fourth quarter. IMA Advisory Services Inc. now owns 294,840 shares of the company’s stock valued at $13,961,000 after purchasing an additional 16,189 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares High Yield Systematic Bond ETF by 22.9% during the third quarter. JPMorgan Chase & Co. now owns 277,216 shares of the company’s stock worth $13,263,000 after purchasing an additional 51,671 shares during the period. Finally, Manning & Napier Advisors LLC lifted its position in iShares High Yield Systematic Bond ETF by 78.3% during the first quarter. Manning & Napier Advisors LLC now owns 217,378 shares of the company’s stock worth $10,017,000 after purchasing an additional 95,433 shares during the period.

iShares High Yield Systematic Bond ETF Price Performance

HYDB opened at $46.22 on Friday. The stock has a fifty day moving average of $46.63 and a 200-day moving average of $46.94. iShares High Yield Systematic Bond ETF has a fifty-two week low of $45.96 and a fifty-two week 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.