Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL – Get Free Report) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 12,206 shares, a growth of 162.2% from the August 15th total of 4,656 shares. Based on an average daily trading volume, of 23,695 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are sold short.
Xtrackers Short Duration High Yield Bond ETF Stock Down 0.1%
Shares of SHYL opened at $43.66 on Friday. The firm’s fifty day simple moving average is $44.06 and its two-hundred day simple moving average is $44.29. Xtrackers Short Duration High Yield Bond ETF has a 12 month low of $43.66 and a 12 month high of $45.55.
Institutional Investors Weigh In On Xtrackers Short Duration High Yield Bond ETF
A number of hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC bought a new position in shares of Xtrackers Short Duration High Yield Bond ETF during the 4th quarter worth approximately $814,000. Ameriprise Financial Inc. lifted its position in shares of Xtrackers Short Duration High Yield Bond ETF by 146.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 215,032 shares of the company’s stock valued at $9,768,000 after acquiring an additional 127,730 shares during the period. Finally, USAdvisors Wealth Management LLC boosted its stake in Xtrackers Short Duration High Yield Bond ETF by 7.3% during the first quarter. USAdvisors Wealth Management LLC now owns 10,528 shares of the company’s stock worth $463,000 after acquiring an additional 720 shares in the last quarter.
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.
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