iShares High Yield Systematic Bond ETF (BATS:HYDB) Sees Large Increase in Short Interest

iShares High Yield Systematic Bond ETF (BATS:HYDBGet Free Report) was the recipient of a significant increase in short interest in 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. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 257,628 shares, the short-interest ratio is currently 0.7 days.

iShares High Yield Systematic Bond ETF Stock Performance

HYDB traded down $0.08 on Monday, hitting $46.81. 188,828 shares of the company were exchanged, compared to its average volume of 292,710. iShares High Yield Systematic Bond ETF has a 12 month low of $45.96 and a 12 month high of $47.99. The stock’s fifty day moving average is $46.81 and its 200-day moving average is $47.21.

Institutional Trading of iShares High Yield Systematic Bond ETF

A number of large investors have recently bought and sold shares of HYDB. CoreCap Advisors LLC boosted its stake in 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 during the last quarter. Northland Securities Inc. bought a new position in iShares High Yield Systematic Bond ETF in the fourth quarter valued at $236,000. Flagship Harbor Advisors LLC purchased a new stake in iShares High Yield Systematic Bond ETF in the fourth 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 third quarter. NBT Bank N A NY now owns 9,695 shares of the company’s stock worth $464,000 after purchasing an additional 650 shares during the period. Finally, First Citizens Asset Management Inc. purchased a new stake in shares of iShares High Yield Systematic Bond ETF during the first quarter worth about $636,000.

About iShares High Yield Systematic Bond ETF

(Get Free Report)

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.

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