iShares High Yield Systematic Bond ETF (BATS:HYDB) Short Interest Down 55.6% in May

iShares High Yield Systematic Bond ETF (BATS:HYDB) was the recipient of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 83,961 shares, a drop of 55.6% from the April 30th total of 189,136 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 273,531 shares, the short-interest ratio is currently 0.3 days.

iShares High Yield Systematic Bond ETF Price Performance

BATS HYDB opened at $46.98 on Monday. The firm’s fifty day moving average price is $46.75 and its 200 day moving average price is $47.14. iShares High Yield Systematic Bond ETF has a 12 month low of $45.96 and a 12 month high of $47.99.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. United Capital Financial Advisors LLC grew its position in shares of iShares High Yield Systematic Bond ETF by 1.1% in the 3rd quarter. United Capital Financial Advisors LLC now owns 49,891 shares of the company’s stock valued at $2,387,000 after buying an additional 562 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of iShares High Yield Systematic Bond ETF by 4.0% in the 4th quarter. Arkadios Wealth Advisors now owns 20,814 shares of the company’s stock valued at $986,000 after buying an additional 791 shares during the last quarter. NBT Bank N A NY grew its position in shares of iShares High Yield Systematic Bond ETF by 10.0% in the 4th quarter. NBT Bank N A NY now owns 10,660 shares of the company’s stock valued at $505,000 after buying an additional 965 shares during the last quarter. Tidemark LLC grew its position in shares of iShares High Yield Systematic Bond ETF by 9.8% in the 4th quarter. Tidemark LLC now owns 26,395 shares of the company’s stock valued at $1,250,000 after buying an additional 2,353 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of iShares High Yield Systematic Bond ETF by 5.8% in the 3rd quarter. NewEdge Advisors LLC now owns 44,522 shares of the company’s stock valued at $2,130,000 after buying an additional 2,449 shares during 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.