Short Interest in Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) Declines By 27.4%

Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totaling 14,172 shares, a decrease of 27.4% from the March 15th total of 19,525 shares. Based on an average daily trading volume, of 3,988 shares, the short-interest ratio is currently 3.6 days. Approximately 1.3% of the company’s shares are short sold.

Xtrackers High Beta High Yield Bond ETF Stock Performance

NYSEARCA HYUP traded up $0.02 during trading on Wednesday, hitting $42.10. 7,557 shares of the company’s stock traded hands, compared to its average volume of 13,921. The stock has a fifty day moving average of $41.84 and a two-hundred day moving average of $42.11. Xtrackers High Beta High Yield Bond ETF has a 12-month low of $40.35 and a 12-month high of $42.91.

Xtrackers High Beta High Yield Bond ETF Cuts Dividend

The firm 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 $0.1937 per share. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date was Monday, March 2nd.

Institutional Trading of Xtrackers High Beta High Yield Bond ETF

An institutional investor recently raised its position in Xtrackers High Beta High Yield Bond ETF stock. Sound Income Strategies LLC grew its holdings in shares of Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) by 66.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 91,033 shares of the company’s stock after buying an additional 36,280 shares during the period. Sound Income Strategies LLC owned 18.21% of Xtrackers High Beta High Yield Bond ETF worth $3,840,000 as of its most recent SEC filing.

Xtrackers High Beta High Yield Bond ETF Company Profile

The Xtrackers High Beta High Yield Bond ETF (HYUP) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high yield bonds with a high yield to worst. HYUP was launched on Jan 11, 2018 and is managed by Xtrackers.