Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Short Interest Update

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) saw a significant decline in short interest in May. As of May 15th, there was short interest totaling 2,353,245 shares, a decline of 50.1% from the April 30th total of 4,714,302 shares. Based on an average daily trading volume, of 899,729 shares, the short-interest ratio is currently 2.6 days. Currently, 2.6% of the shares of the stock are short sold.

Xtrackers USD High Yield Corporate Bond ETF Stock Performance

NYSEARCA:HYLB traded down $0.09 during mid-day trading on Wednesday, reaching $36.38. The stock had a trading volume of 448,754 shares, compared to its average volume of 1,813,852. The stock has a 50-day simple moving average of $36.49 and a two-hundred day simple moving average of $36.72. Xtrackers USD High Yield Corporate Bond ETF has a 12 month low of $35.92 and a 12 month high of $37.19.

Hedge Funds Weigh In On Xtrackers USD High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Xtrackers USD High Yield Corporate Bond ETF by 303.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,047 shares of the company’s stock valued at $75,000 after purchasing an additional 1,539 shares during the period. IFC & Insurance Marketing Inc. purchased a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF during the 4th quarter valued at approximately $93,000. Jones Financial Companies Lllp lifted its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 26.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock valued at $132,000 after buying an additional 736 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Xtrackers USD High Yield Corporate Bond ETF by 154.6% in the 4th quarter. Farther Finance Advisors LLC now owns 8,567 shares of the company’s stock worth $316,000 after purchasing an additional 5,202 shares in the last quarter. Finally, Koss Olinger Consulting LLC purchased a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF during the 1st quarter valued at $613,000.

About Xtrackers USD High Yield Corporate Bond ETF

The Xtrackers USD High Yield Corporate Bond ETF (HYLB) 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 1 to 15 years remaining to maturity. HYLB was launched on Dec 7, 2016 and is managed by Xtrackers.