Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) Short Interest Down 21.2% in March

Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 17,240 shares, a decrease of 21.2% from the February 26th total of 21,889 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 41,419 shares, the days-to-cover ratio is presently 0.4 days.

Xtrackers Short Duration High Yield Bond ETF Stock Up 0.8%

Shares of NYSEARCA:SHYL traded up $0.37 during midday trading on Tuesday, reaching $44.39. 36,200 shares of the company’s stock were exchanged, compared to its average volume of 41,862. Xtrackers Short Duration High Yield Bond ETF has a fifty-two week low of $42.03 and a fifty-two week high of $45.55. The firm’s 50 day simple moving average is $44.68 and its two-hundred day simple moving average is $44.94.

Xtrackers Short Duration High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a dividend of $0.237 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%.

Hedge Funds Weigh In On Xtrackers Short Duration High Yield Bond ETF

An institutional investor recently bought a new position in Xtrackers Short Duration High Yield Bond ETF stock. Janney Montgomery Scott LLC bought a new stake in Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 18,097 shares of the company’s stock, valued at approximately $814,000. Janney Montgomery Scott LLC owned approximately 0.31% of Xtrackers Short Duration High Yield Bond ETF at the end of the most recent reporting period.

About Xtrackers Short Duration High Yield Bond ETF

The Xtrackers Short Duration High Yield Bond ETF (SHYL) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high-yield corporate bonds with 0 to 5 years remaining to maturity. SHYL was launched on Jan 10, 2018 and is managed by Xtrackers.