Short Interest in Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) Declines By 71.1%

Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 3,668 shares, a drop of 71.1% from the August 15th total of 12,690 shares. Based on an average trading volume of 4,331 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Xtrackers High Beta High Yield Bond ETF stock. Sound Income Strategies LLC raised its stake in shares of Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) by 22.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 169,166 shares of the company’s stock after buying an additional 31,312 shares during the period. Sound Income Strategies LLC owned about 16.11% of Xtrackers High Beta High Yield Bond ETF worth $7,003,000 as of its most recent SEC filing.

Xtrackers High Beta High Yield Bond ETF Trading Down 0.2%

NYSEARCA:HYUP traded down $0.08 on Monday, hitting $40.70. 24,413 shares of the company’s stock traded hands, compared to its average volume of 9,190. Xtrackers High Beta High Yield Bond ETF has a 1 year low of $40.62 and a 1 year high of $42.91. The firm has a 50-day moving average price of $41.36 and a 200-day moving average price of $41.60.

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.