iShares High Yield Systematic Bond ETF (BATS:HYDB) Short Interest Up 975.1% in June

iShares High Yield Systematic Bond ETF (BATS:HYDB) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 114,384 shares, a growth of 975.1% from the June 15th total of 10,639 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 125,686 shares, the days-to-cover ratio is currently 0.9 days.

iShares High Yield Systematic Bond ETF Price Performance

Shares of BATS:HYDB traded down $0.06 during trading on Friday, hitting $46.50. 99,588 shares of the stock traded hands, compared to its average volume of 256,151. The company has a fifty day moving average price of $46.72 and a two-hundred day moving average price of $47.01. iShares High Yield Systematic Bond ETF has a 52-week low of $45.96 and a 52-week high of $47.99.

Institutional Trading of iShares High Yield Systematic Bond ETF

Several institutional investors have recently bought and sold shares of the business. Northland Securities Inc. acquired a new stake in shares of iShares High Yield Systematic Bond ETF in the fourth quarter valued at about $236,000. Flagship Harbor Advisors LLC acquired a new position in shares of iShares High Yield Systematic Bond ETF during the 4th quarter worth approximately $268,000. NBT Bank N A NY boosted its holdings in shares of iShares High Yield Systematic Bond ETF by 10.0% during the 4th quarter. NBT Bank N A NY now owns 10,660 shares of the company’s stock worth $505,000 after purchasing an additional 965 shares during the last quarter. First Citizens Asset Management Inc. purchased a new stake in shares of iShares High Yield Systematic Bond ETF in the first quarter valued at approximately $636,000. Finally, Farther Finance Advisors LLC grew its position in shares of iShares High Yield Systematic Bond ETF by 178.1% in the fourth quarter. Farther Finance Advisors LLC now owns 15,149 shares of the company’s stock valued at $717,000 after purchasing an additional 9,701 shares in the last quarter.

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.