Short Interest in Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Expands By 89.6%

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 4,714,302 shares, an increase of 89.6% from the April 15th total of 2,487,035 shares. Approximately 5.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,671,929 shares, the days-to-cover ratio is currently 2.8 days.

Xtrackers USD High Yield Corporate Bond ETF Price Performance

Shares of HYLB stock traded down $0.07 during mid-day trading on Tuesday, hitting $36.25. 1,045,921 shares of the company’s stock were exchanged, compared to its average volume of 1,864,027. Xtrackers USD High Yield Corporate Bond ETF has a fifty-two week low of $35.92 and a fifty-two week high of $37.19. The stock has a 50-day simple moving average of $36.47 and a two-hundred day simple moving average of $36.73.

Institutional Trading of Xtrackers USD High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its stake in Xtrackers USD High Yield Corporate Bond ETF by 303.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,047 shares of the company’s stock valued at $75,000 after acquiring an additional 1,539 shares during the period. IFC & Insurance Marketing Inc. acquired a new position in Xtrackers USD High Yield Corporate Bond ETF in the fourth quarter valued at approximately $93,000. Jones Financial Companies Lllp boosted its stake in Xtrackers USD High Yield Corporate Bond ETF by 26.0% in the third quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock valued at $132,000 after acquiring an additional 736 shares during the period. Farther Finance Advisors LLC boosted its stake in Xtrackers USD High Yield Corporate Bond ETF by 154.6% in the fourth quarter. Farther Finance Advisors LLC now owns 8,567 shares of the company’s stock valued at $316,000 after acquiring an additional 5,202 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new position in Xtrackers USD High Yield Corporate Bond ETF in the first quarter valued at approximately $613,000.

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.