Short Interest in iShares High Yield Systematic Bond ETF (BATS:HYDB) Decreases By 50.4%

iShares High Yield Systematic Bond ETF (BATS:HYDB) saw a large decline in short interest in 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. Based on an average daily trading volume, of 201,279 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

iShares High Yield Systematic Bond ETF Price Performance

HYDB opened at $46.54 on Tuesday. The firm has a 50 day simple moving average of $46.53 and a 200 day simple moving average of $46.80. iShares High Yield Systematic Bond ETF has a fifty-two week low of $45.96 and a fifty-two week high of $47.99.

Institutional Trading of iShares High Yield Systematic Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Manning & Napier Advisors LLC boosted its position in shares of iShares High Yield Systematic Bond ETF by 78.3% in the 1st 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 last quarter. IMA Advisory Services Inc. grew 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 purchasing an additional 16,189 shares during the period. First Citizens Asset Management Inc. bought a new stake in iShares High Yield Systematic Bond ETF in the first quarter valued at about $636,000. Cornerstone Planning Group LLC lifted 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 buying an additional 32,933 shares during the period. Finally, NBT Bank N A NY lifted its stake in iShares High Yield Systematic Bond ETF by 13.3% in 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 period.

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.