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

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,058,912 shares, a drop of 54.8% from the February 26th total of 2,343,927 shares. Based on an average daily volume of 2,419,448 shares, the short-interest ratio is presently 0.4 days. Currently, 1.1% of the shares of the stock are sold short.

Xtrackers USD High Yield Corporate Bond ETF Trading Down 0.2%

Shares of HYLB stock traded down $0.08 during trading hours on Friday, hitting $36.00. 1,355,060 shares of the company’s stock were exchanged, compared to its average volume of 1,978,931. Xtrackers USD High Yield Corporate Bond ETF has a fifty-two week low of $34.40 and a fifty-two week high of $37.19. The firm has a 50 day moving average of $36.74 and a two-hundred day moving average of $36.84.

Xtrackers USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1727 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.8%.

Institutional Trading of Xtrackers USD High Yield Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in Xtrackers USD High Yield Corporate Bond ETF by 303.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,047 shares of the company’s stock valued at $75,000 after buying an additional 1,539 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF in the fourth quarter worth approximately $93,000. Jones Financial Companies Lllp increased its position in shares of Xtrackers USD High Yield Corporate Bond ETF by 26.0% during the third quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock worth $132,000 after purchasing an additional 736 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Xtrackers USD High Yield Corporate Bond ETF by 154.6% during the fourth 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, Flow Traders U.S. LLC acquired a new position in Xtrackers USD High Yield Corporate Bond ETF in the 2nd quarter valued at $594,000.

Xtrackers USD High Yield Corporate Bond ETF Company Profile

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.