Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL – Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 5,587 shares, a decline of 93.6% from the April 30th total of 87,338 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 33,689 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of Xtrackers Short Duration High Yield Bond ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of SHYL. USAdvisors Wealth Management LLC increased its stake in Xtrackers Short Duration High Yield Bond ETF by 7.3% during the 1st quarter. USAdvisors Wealth Management LLC now owns 10,528 shares of the company’s stock valued at $463,000 after purchasing an additional 720 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Xtrackers Short Duration High Yield Bond ETF during the 4th quarter valued at $814,000. Finally, Ameriprise Financial Inc. increased its stake in Xtrackers Short Duration High Yield Bond ETF by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 87,302 shares of the company’s stock valued at $3,957,000 after purchasing an additional 3,006 shares in the last quarter.
Xtrackers Short Duration High Yield Bond ETF Stock Performance
SHYL stock traded up $0.02 during midday trading on Wednesday, reaching $44.48. 18,053 shares of the company’s stock traded hands, compared to its average volume of 38,528. The firm’s fifty day moving average price is $44.44 and its 200-day moving average price is $44.75. Xtrackers Short Duration High Yield Bond ETF has a 52 week low of $43.94 and a 52 week high of $45.55.
Xtrackers Short Duration High Yield Bond ETF Company Profile
The Xtrackers Short Duration High Yield Bond ETF (SHYL) 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 0 to 5 years remaining to maturity. SHYL was launched on Jan 10, 2018 and is managed by Xtrackers.
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