iShares High Yield Systematic Bond ETF (BATS:HYDB – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 23,686 shares, a decrease of 55.5% from the September 30th total of 53,169 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 286,591 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Investors Weigh In On iShares High Yield Systematic Bond ETF
Institutional investors have recently made changes to their positions in the stock. North Star Investment Management Corp. bought a new position in iShares High Yield Systematic Bond ETF during the 3rd quarter worth approximately $53,000. NBT Bank N.A. acquired a new stake in iShares High Yield Systematic Bond ETF during the third quarter worth approximately $483,000. Adirondack Trust Co. acquired a new stake in iShares High Yield Systematic Bond ETF in the third quarter worth $73,000. CX Institutional bought a new stake in iShares High Yield Systematic Bond ETF in the 3rd quarter valued at about $86,910,000. Finally, GoalVest Advisory LLC acquired a new position in iShares High Yield Systematic Bond ETF during the 3rd quarter worth approximately $61,000.
iShares High Yield Systematic Bond ETF Stock Performance
iShares High Yield Systematic Bond ETF stock opened at $44.99 on Friday. The stock has a 50-day moving average price of $45.50 and a two-hundred day moving average price of $46.52. iShares High Yield Systematic Bond ETF has a 12 month low of $44.40 and a 12 month high of $47.74.
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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