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

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

Institutional Investors Weigh In On iShares High Yield Systematic Bond ETF

Institutional investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its stake in iShares High Yield Systematic Bond ETF by 8.7% during the third quarter. Ameriprise Financial Inc. now owns 927,769 shares of the company’s stock worth $44,357,000 after purchasing an additional 73,917 shares during the period. Cornerstone Planning Group LLC increased its holdings in shares of iShares High Yield Systematic Bond ETF by 9.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 385,864 shares of the company’s stock worth $18,058,000 after buying an additional 32,933 shares during the last quarter. IMA Advisory Services Inc. raised its holdings in shares of iShares High Yield Systematic Bond ETF by 5.8% in the 4th quarter. IMA Advisory Services Inc. now owns 294,840 shares of the company’s stock worth $13,961,000 after purchasing an additional 16,189 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares High Yield Systematic Bond ETF by 22.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 277,216 shares of the company’s stock worth $13,263,000 after purchasing an additional 51,671 shares during the period. Finally, Manning & Napier Advisors LLC grew its holdings in shares of iShares High Yield Systematic Bond ETF by 78.3% during the 1st quarter. Manning & Napier Advisors LLC now owns 217,378 shares of the company’s stock worth $10,017,000 after purchasing an additional 95,433 shares during the period.

iShares High Yield Systematic Bond ETF Stock Up 0.0%

BATS HYDB opened at $46.22 on Friday. iShares High Yield Systematic Bond ETF has a 12 month low of $45.96 and a 12 month high of $47.99. The company has a 50-day moving average of $46.63 and a 200-day moving average of $46.94.

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.