Short Interest in Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Declines By 49.6%

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 1,614,368 shares, a decline of 49.6% from the June 30th total of 3,205,538 shares. Based on an average trading volume of 1,041,035 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On Xtrackers USD High Yield Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Koss Olinger Consulting LLC purchased a new position in shares of Xtrackers USD High Yield Corporate Bond ETF during the first quarter valued at approximately $613,000. Performa Ltd US LLC raised its holdings in Xtrackers USD High Yield Corporate Bond ETF by 8.5% in the 1st quarter. Performa Ltd US LLC now owns 1,640,528 shares of the company’s stock valued at $59,321,000 after acquiring an additional 128,778 shares during the last quarter. Financial Gravity Asset Management Inc. lifted its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 7.9% during the 4th quarter. Financial Gravity Asset Management Inc. now owns 745,317 shares of the company’s stock worth $27,450,000 after purchasing an additional 54,755 shares during the period. IFC & Insurance Marketing Inc. acquired a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF during the fourth quarter worth $93,000. Finally, Wiser Advisor Group LLC grew its position in shares of Xtrackers USD High Yield Corporate Bond ETF by 3.2% in the fourth quarter. Wiser Advisor Group LLC now owns 34,875 shares of the company’s stock valued at $1,284,000 after purchasing an additional 1,077 shares during the period.

Xtrackers USD High Yield Corporate Bond ETF Stock Up 0.3%

Shares of HYLB traded up $0.11 during trading hours on Thursday, reaching $36.29. 738,053 shares of the company traded hands, compared to its average volume of 1,630,077. Xtrackers USD High Yield Corporate Bond ETF has a fifty-two week low of $35.92 and a fifty-two week high of $37.19. The stock has a fifty day simple moving average of $36.41 and a 200 day simple moving average of $36.58.

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.