iShares High Yield Bond Factor ETF (BATS:HYDB) Reaches New 52-Week Low – Here’s What Happened

Shares of iShares High Yield Bond Factor ETF (BATS:HYDB) hit a new 52-week low during trading on Monday . The stock traded as low as $47.85 and last traded at $47.68, with a volume of 183543 shares. The stock had previously closed at $47.95.

iShares High Yield Bond Factor ETF Stock Down 0.6 %

The firm’s 50 day simple moving average is $47.61 and its 200 day simple moving average is $47.11.

Institutional Trading of iShares High Yield Bond Factor ETF

Several hedge funds have recently made changes to their positions in HYDB. Larson Financial Group LLC purchased a new stake in shares of iShares High Yield Bond Factor ETF during the 2nd quarter valued at about $25,000. SWAN Capital LLC purchased a new stake in iShares High Yield Bond Factor ETF in the 3rd quarter worth about $25,000. Concourse Financial Group Securities Inc. raised its position in iShares High Yield Bond Factor ETF by 336.2% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 759 shares of the company’s stock worth $36,000 after purchasing an additional 585 shares during the period. First Horizon Advisors Inc. raised its position in iShares High Yield Bond Factor ETF by 76.4% in the 3rd quarter. First Horizon Advisors Inc. now owns 905 shares of the company’s stock worth $43,000 after purchasing an additional 392 shares during the period. Finally, Family Asset Management LLC purchased a new stake in iShares High Yield Bond Factor ETF in the 2nd quarter worth about $55,000.

About iShares High Yield Bond Factor 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.