Short Interest in iShares High Yield Systematic Bond ETF (BATS:HYDB) Expands By 661.4%

iShares High Yield Systematic Bond ETF (BATS:HYDB) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 21,365 shares, a growth of 661.4% from the July 30th total of 2,806 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 150,999 shares, the short-interest ratio is presently 0.1 days.

iShares High Yield Systematic Bond ETF Stock Performance

iShares High Yield Systematic Bond ETF stock opened at $46.63 on Friday. iShares High Yield Systematic Bond ETF has a 1 year low of $45.96 and a 1 year high of $47.99. The firm’s 50 day moving average price is $46.50 and its two-hundred day moving average price is $46.75.

Hedge Funds Weigh In On iShares High Yield Systematic Bond ETF

Hedge funds have recently modified their holdings of the stock. Continuum Advisory LLC purchased a new stake in shares of iShares High Yield Systematic Bond ETF during the second quarter valued at $121,000. Atlantic Private Wealth LLC acquired a new position in shares of iShares High Yield Systematic Bond ETF in the 2nd quarter valued at $126,000. DMC Group LLC purchased a new position in iShares High Yield Systematic Bond ETF in the 2nd quarter worth about $270,000. Operose Advisors LLC purchased a new position in iShares High Yield Systematic Bond ETF in the 2nd quarter worth about $365,000. Finally, NBT Bank N A NY increased its stake in iShares High Yield Systematic Bond ETF by 13.3% in the 1st quarter. NBT Bank N A NY now owns 12,080 shares of the company’s stock worth $562,000 after purchasing an additional 1,420 shares in the last quarter.

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.