iShares High Yield Systematic Bond ETF (BATS:HYDB) Sees Significant Decline in Short Interest

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

iShares High Yield Systematic Bond ETF Trading Up 0.0%

Shares of BATS HYDB traded up $0.01 during trading on Friday, reaching $46.22. The company had a trading volume of 159,727 shares, compared to its average volume of 251,977. iShares High Yield Systematic Bond ETF has a 52 week low of $45.96 and a 52 week high of $47.99. The business’s 50 day moving average price is $46.63 and its 200-day moving average price is $46.94.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Northland Securities Inc. bought a new position in iShares High Yield Systematic Bond ETF in the 4th quarter valued at $236,000. Flagship Harbor Advisors LLC bought a new position in iShares High Yield Systematic Bond ETF in the fourth quarter valued at about $268,000. NBT Bank N A NY lifted its position in iShares High Yield Systematic Bond ETF by 10.0% during the 4th quarter. NBT Bank N A NY now owns 10,660 shares of the company’s stock valued at $505,000 after purchasing an additional 965 shares during the period. First Citizens Asset Management Inc. acquired a new position in iShares High Yield Systematic Bond ETF during the 1st quarter valued at about $636,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of iShares High Yield Systematic Bond ETF by 178.1% in the 4th quarter. Farther Finance Advisors LLC now owns 15,149 shares of the company’s stock valued at $717,000 after purchasing an additional 9,701 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.