iShares High Yield Systematic Bond ETF (BATS:HYDB – Get Free Report) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 83,961 shares, a decline of 55.6% from the April 30th total of 189,136 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 273,531 shares, the days-to-cover ratio is presently 0.3 days.
iShares High Yield Systematic Bond ETF Trading Down 0.7%
HYDB opened at $46.65 on Tuesday. The business’s fifty day moving average is $46.75 and its two-hundred day moving average is $47.13. iShares High Yield Systematic Bond ETF has a one year low of $45.96 and a one year high of $47.99.
Institutional Trading of iShares High Yield Systematic Bond ETF
A number of institutional investors have recently bought and sold shares of HYDB. Royal Bank of Canada boosted its position in iShares High Yield Systematic Bond ETF by 27.9% during the first 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 in the last quarter. Ameriprise Financial Inc. boosted its position in iShares High Yield Systematic Bond ETF by 12.8% during 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 in the last quarter. Cornerstone Planning Group LLC boosted its position in iShares High Yield Systematic Bond ETF by 2.9% during the third quarter. Cornerstone Planning Group LLC now owns 349,164 shares of the company’s stock worth $16,589,000 after purchasing an additional 9,994 shares in the last quarter. Correct Capital Wealth Management boosted its position in iShares High Yield Systematic Bond ETF by 8.2% during the third quarter. Correct Capital Wealth Management now owns 100,388 shares of the company’s stock worth $4,803,000 after purchasing an additional 7,619 shares in the last quarter. Finally, IMA Advisory Services Inc. boosted its position in iShares High Yield Systematic Bond ETF by 3.5% during the third quarter. IMA Advisory Services Inc. now owns 278,651 shares of the company’s stock worth $13,332,000 after purchasing an additional 9,357 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.
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