Short Interest in iShares High Yield Systematic Bond ETF (BATS:HYDB) Increases By 94.7%

iShares High Yield Systematic Bond ETF (BATS:HYDB) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 41,593 shares, a growth of 94.7% from the August 15th total of 21,365 shares. Based on an average trading volume of 152,616 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of iShares High Yield Systematic Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC increased its stake in iShares High Yield Systematic Bond ETF by 78.3% during the first quarter. Manning & Napier Advisors LLC now owns 217,378 shares of the company’s stock worth $10,017,000 after acquiring an additional 95,433 shares during the last quarter. Studio Investment Management LLC purchased a new stake in iShares High Yield Systematic Bond ETF during the second quarter worth about $3,605,000. SVB Wealth LLC acquired a new stake in iShares High Yield Systematic Bond ETF during the 2nd quarter worth approximately $2,556,000. Cornerstone Planning Group LLC raised its stake in shares of iShares High Yield Systematic Bond ETF by 9.3% in the first quarter. Cornerstone Planning Group LLC now owns 385,864 shares of the company’s stock valued at $18,058,000 after acquiring an additional 32,933 shares in the last quarter. Finally, Nilsine Partners LLC acquired a new stake in iShares High Yield Systematic Bond ETF in the 2nd quarter valued at about $1,145,000.

iShares High Yield Systematic Bond ETF Stock Performance

iShares High Yield Systematic Bond ETF stock opened at $45.84 on Thursday. iShares High Yield Systematic Bond ETF has a 12 month low of $45.78 and a 12 month high of $47.99. The stock’s 50 day simple moving average is $46.36 and its two-hundred day simple moving average is $46.61.

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.