Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Sees Large Decrease in Short Interest

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,353,245 shares, a decline of 50.1% from the April 30th total of 4,714,302 shares. Currently, 2.6% of the company’s shares are short sold. Based on an average daily volume of 899,729 shares, the days-to-cover ratio is presently 2.6 days.

Xtrackers USD High Yield Corporate Bond ETF Stock Performance

NYSEARCA:HYLB traded down $0.25 on Monday, hitting $36.42. 2,133,489 shares of the stock were exchanged, compared to its average volume of 1,837,565. Xtrackers USD High Yield Corporate Bond ETF has a 52 week low of $35.92 and a 52 week high of $37.19. The company’s 50-day moving average price is $36.49 and its 200 day moving average price is $36.72.

Institutional Trading of Xtrackers USD High Yield Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Performa Ltd US LLC raised its holdings in Xtrackers USD High Yield Corporate Bond ETF by 11.7% during the 3rd quarter. Performa Ltd US LLC now owns 1,450,899 shares of the company’s stock worth $53,843,000 after purchasing an additional 151,943 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in Xtrackers USD High Yield Corporate Bond ETF by 21.6% during the 4th quarter. TD Private Client Wealth LLC now owns 376,965 shares of the company’s stock worth $13,884,000 after purchasing an additional 66,936 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Xtrackers USD High Yield Corporate Bond ETF during the 2nd quarter worth about $2,581,000. JPMorgan Chase & Co. raised its holdings in Xtrackers USD High Yield Corporate Bond ETF by 1,103.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 223,441 shares of the company’s stock worth $8,249,000 after purchasing an additional 204,868 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Xtrackers USD High Yield Corporate Bond ETF by 0.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 679,733 shares of the company’s stock worth $25,005,000 after purchasing an additional 5,000 shares during the last quarter.

Xtrackers USD High Yield Corporate Bond ETF Company Profile

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.