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

iShares High Yield Systematic Bond ETF (BATS:HYDB) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 114,384 shares, an increase of 975.1% from the June 15th total of 10,639 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 125,686 shares, the days-to-cover ratio is currently 0.9 days.

iShares High Yield Systematic Bond ETF Trading Down 0.1%

Shares of BATS HYDB traded down $0.06 during midday trading on Friday, reaching $46.50. 99,588 shares of the stock were exchanged, compared to its average volume of 256,151. iShares High Yield Systematic Bond ETF has a 12 month low of $45.96 and a 12 month high of $47.99. The business has a 50-day simple moving average of $46.71 and a two-hundred day simple moving average of $47.01.

Institutional Trading of iShares High Yield Systematic Bond ETF

Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in iShares High Yield Systematic Bond ETF by 27.9% in the 1st quarter. Royal Bank of Canada now owns 23,331 shares of the company’s stock valued at $1,099,000 after acquiring an additional 5,084 shares in the last quarter. Ameriprise Financial Inc. raised its position in iShares High Yield Systematic Bond ETF by 12.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 853,852 shares of the company’s stock valued at $40,537,000 after buying an additional 96,669 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in iShares High Yield Systematic Bond ETF in the 3rd quarter valued at approximately $1,550,000. United Capital Financial Advisors LLC lifted its stake in iShares High Yield Systematic Bond ETF by 1.1% in the 3rd quarter. United Capital Financial Advisors LLC now owns 49,891 shares of the company’s stock valued at $2,387,000 after acquiring an additional 562 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in iShares High Yield Systematic Bond ETF by 5.8% during the 3rd quarter. NewEdge Advisors LLC now owns 44,522 shares of the company’s stock worth $2,130,000 after acquiring an additional 2,449 shares during 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.