Short Interest in Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Increases By 68.8%

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 2,343,927 shares, a growth of 68.8% from the February 12th total of 1,388,895 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average trading volume of 1,636,028 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 1,636,028 shares, the short-interest ratio is currently 1.4 days. Approximately 2.4% of the company’s stock are short sold.

Xtrackers USD High Yield Corporate Bond ETF Stock Down 0.2%

Shares of NYSEARCA:HYLB opened at $36.18 on Friday. Xtrackers USD High Yield Corporate Bond ETF has a 52-week low of $34.40 and a 52-week high of $37.19. The company has a 50 day moving average of $36.89 and a two-hundred day moving average of $36.89.

Xtrackers USD High Yield Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a dividend of $0.1727 per share. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Monday, March 2nd.

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

A number of institutional investors have recently added to or reduced their stakes in HYLB. Financial Gravity Asset Management Inc. boosted its position in Xtrackers USD High Yield Corporate Bond ETF by 7.9% in the 4th quarter. Financial Gravity Asset Management Inc. now owns 745,317 shares of the company’s stock valued at $27,450,000 after buying an additional 54,755 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF during the fourth quarter valued at about $93,000. Performa Ltd US LLC increased its position in shares of Xtrackers USD High Yield Corporate Bond ETF by 4.2% during the fourth quarter. Performa Ltd US LLC now owns 1,511,750 shares of the company’s stock worth $55,678,000 after acquiring an additional 60,851 shares during the last quarter. Wiser Advisor Group LLC increased its position in shares of Xtrackers USD High Yield Corporate Bond ETF by 3.2% during the fourth quarter. Wiser Advisor Group LLC now owns 34,875 shares of the company’s stock worth $1,284,000 after acquiring an additional 1,077 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 303.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,047 shares of the company’s stock worth $75,000 after acquiring an additional 1,539 shares in the last quarter.

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.