Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) Short Interest Down 52.2% in May

Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 7,888 shares, a decrease of 52.2% from the May 14th total of 16,511 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 5,140 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds Weigh In On Xtrackers High Beta High Yield Bond ETF

A hedge fund recently raised its stake in Xtrackers High Beta High Yield Bond ETF stock. Sound Income Strategies LLC boosted its holdings in Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) by 51.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 137,854 shares of the company’s stock after acquiring an additional 46,821 shares during the quarter. Sound Income Strategies LLC owned 19.69% of Xtrackers High Beta High Yield Bond ETF worth $5,858,000 at the end of the most recent quarter.

Xtrackers High Beta High Yield Bond ETF Price Performance

Shares of HYUP stock traded up $0.08 on Monday, reaching $41.83. 2,890 shares of the company were exchanged, compared to its average volume of 11,442. The company has a 50-day moving average of $41.79 and a 200-day moving average of $41.98. Xtrackers High Beta High Yield Bond ETF has a one year low of $40.99 and a one year high of $42.91.

About Xtrackers High Beta High Yield Bond ETF

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.