Short Interest in iShares High Yield Systematic Bond ETF (BATS:HYDB) Drops By 85.0%

iShares High Yield Systematic Bond ETF (BATS:HYDB) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 12,616 shares, a drop of 85.0% from the May 14th total of 83,961 shares. Based on an average daily trading volume, of 238,789 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

iShares High Yield Systematic Bond ETF Price Performance

HYDB opened at $46.50 on Thursday. iShares High Yield Systematic Bond ETF has a 52 week low of $45.96 and a 52 week high of $47.99. The business has a 50 day moving average price of $46.80 and a two-hundred day moving average price of $47.11.

Hedge Funds Weigh In On iShares High Yield Systematic Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYDB. Northland Securities Inc. acquired a new stake in shares of iShares High Yield Systematic Bond ETF in the 4th quarter valued at approximately $236,000. Flagship Harbor Advisors LLC purchased a new position in iShares High Yield Systematic Bond ETF in the fourth quarter worth $268,000. NBT Bank N A NY lifted its holdings in iShares High Yield Systematic Bond ETF by 10.0% in the fourth quarter. NBT Bank N A NY now owns 10,660 shares of the company’s stock valued at $505,000 after acquiring an additional 965 shares during the period. First Citizens Asset Management Inc. purchased a new stake in shares of iShares High Yield Systematic Bond ETF during the 1st quarter worth $636,000. Finally, Farther Finance Advisors LLC boosted its position in shares of iShares High Yield Systematic Bond ETF by 178.1% during the 4th quarter. Farther Finance Advisors LLC now owns 15,149 shares of the company’s stock worth $717,000 after purchasing an additional 9,701 shares in the last quarter.

iShares High Yield Systematic Bond ETF Company Profile

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.