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

iShares High Yield Systematic Bond ETF (BATS:HYDB) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 2,806 shares, a decline of 50.4% from the July 15th total of 5,657 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 201,279 shares, the short-interest ratio is currently 0.0 days.

iShares High Yield Systematic Bond ETF Stock Performance

BATS HYDB opened at $46.50 on Monday. The company has a 50-day simple moving average of $46.53 and a two-hundred day simple moving average of $46.81. iShares High Yield Systematic Bond ETF has a 12-month low of $45.96 and a 12-month high of $47.99.

Institutional Investors Weigh In On iShares High Yield Systematic Bond ETF

Several institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake 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 worth $1,099,000 after purchasing an additional 5,084 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of iShares High Yield Systematic Bond ETF by 12.8% in the second quarter. Ameriprise Financial Inc. now owns 853,852 shares of the company’s stock worth $40,537,000 after purchasing an additional 96,669 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of iShares High Yield Systematic Bond ETF in the third quarter worth approximately $1,550,000. United Capital Financial Advisors LLC increased its stake in shares of iShares High Yield Systematic Bond ETF by 1.1% in the third quarter. United Capital Financial Advisors LLC now owns 49,891 shares of the company’s stock worth $2,387,000 after buying an additional 562 shares during the period. Finally, NewEdge Advisors LLC increased its stake in shares of iShares High Yield Systematic Bond ETF by 5.8% in the third quarter. NewEdge Advisors LLC now owns 44,522 shares of the company’s stock worth $2,130,000 after buying an additional 2,449 shares during the period.

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.