Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) Short Interest Update

Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 19,525 shares, a drop of 22.9% from the February 26th total of 25,324 shares. Currently, 2.6% of the company’s stock are short sold. Based on an average daily volume of 13,899 shares, the days-to-cover ratio is presently 1.4 days.

Xtrackers High Beta High Yield Bond ETF Trading Up 0.6%

Shares of NYSEARCA HYUP traded up $0.24 during mid-day trading on Tuesday, hitting $41.30. 287 shares of the stock traded hands, compared to its average volume of 15,547. The stock has a fifty day moving average price of $42.01 and a 200-day moving average price of $42.19. Xtrackers High Beta High Yield Bond ETF has a 52 week low of $39.48 and a 52 week high of $42.91.

Xtrackers High Beta High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a $0.1937 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Xtrackers High Beta High Yield Bond ETF stock. Sound Income Strategies LLC grew its stake in Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) by 66.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,033 shares of the company’s stock after acquiring an additional 36,280 shares during the quarter. Sound Income Strategies LLC owned 18.21% of Xtrackers High Beta High Yield Bond ETF worth $3,840,000 at the end of the most recent quarter.

Xtrackers High Beta High Yield Bond ETF Company Profile

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.