iShares High Yield Systematic Bond ETF (BATS:HYDB – Get Free Report) was the target of a significant growth in short interest in 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. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 152,616 shares, the days-to-cover ratio is presently 0.3 days.
iShares High Yield Systematic Bond ETF Price Performance
BATS HYDB traded down $0.01 during midday trading on Tuesday, hitting $45.85. The company had a trading volume of 16,038 shares, compared to its average volume of 229,897. The firm has a 50-day moving average price of $46.39 and a 200-day moving average price of $46.63. iShares High Yield Systematic Bond ETF has a twelve month low of $45.81 and a twelve month high of $47.99.
Hedge Funds Weigh In On iShares High Yield Systematic Bond ETF
Several hedge funds have recently bought and sold shares of HYDB. Cornerstone Planning Group LLC raised its position in shares of iShares High Yield Systematic Bond ETF by 9.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 385,864 shares of the company’s stock valued at $18,058,000 after buying an additional 32,933 shares in the last quarter. IMA Advisory Services Inc. raised its position in iShares High Yield Systematic Bond ETF by 5.8% during the fourth quarter. IMA Advisory Services Inc. now owns 294,840 shares of the company’s stock valued at $13,961,000 after purchasing an additional 16,189 shares in the last quarter. Manning & Napier Advisors LLC raised its position 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 valued at $10,017,000 after purchasing an additional 95,433 shares in the last quarter. Mascagni Wealth Management Inc. lifted its stake in iShares High Yield Systematic Bond ETF by 3.1% during the first quarter. Mascagni Wealth Management Inc. now owns 105,072 shares of the company’s stock worth $4,888,000 after purchasing an additional 3,143 shares during the last quarter. Finally, Studio Investment Management LLC acquired a new stake in shares of iShares High Yield Systematic Bond ETF in the 2nd quarter valued at $3,605,000.
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.
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