Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL – Get Free Report) was the target of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 9,957 shares, a decline of 45.3% from the July 15th total of 18,197 shares. Based on an average trading volume of 80,480 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are short sold.
Xtrackers Short Duration High Yield Bond ETF Price Performance
NYSEARCA:SHYL traded down $0.03 during trading hours on Monday, hitting $44.06. 17,561 shares of the company traded hands, compared to its average volume of 38,541. Xtrackers Short Duration High Yield Bond ETF has a twelve month low of $43.88 and a twelve month high of $45.55. The firm has a 50-day moving average of $44.17 and a 200 day moving average of $44.41.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. USAdvisors Wealth Management LLC lifted its stake in shares of Xtrackers Short Duration High Yield Bond ETF by 7.3% in the first quarter. USAdvisors Wealth Management LLC now owns 10,528 shares of the company’s stock valued at $463,000 after buying an additional 720 shares during the period. Janney Montgomery Scott LLC bought a new position in Xtrackers Short Duration High Yield Bond ETF during the fourth quarter valued at about $814,000. Finally, Ameriprise Financial Inc. increased its stake in Xtrackers Short Duration High Yield Bond ETF by 3.6% during the second quarter. Ameriprise Financial Inc. now owns 87,302 shares of the company’s stock valued at $3,957,000 after acquiring an additional 3,006 shares during the period.
About Xtrackers Short Duration High Yield Bond ETF
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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