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

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 2,343,927 shares, a growth of 68.8% from the February 12th total of 1,388,895 shares. Approximately 2.4% of the shares of the company are short sold. Based on an average daily volume of 1,636,028 shares, the short-interest ratio is currently 1.4 days. Based on an average daily volume of 1,636,028 shares, the short-interest ratio is currently 1.4 days. Approximately 2.4% of the shares of the company are short sold.

Xtrackers USD High Yield Corporate Bond ETF Stock Performance

Shares of NYSEARCA HYLB traded down $0.05 during midday trading on Friday, hitting $36.20. The company’s stock had a trading volume of 2,152,037 shares, compared to its average volume of 1,782,343. The stock has a fifty day moving average price of $36.90 and a 200 day moving average price of $36.89. Xtrackers USD High Yield Corporate Bond ETF has a one year low of $34.40 and a one year high of $37.19.

Xtrackers USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1727 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.7%.

Hedge Funds Weigh In On Xtrackers USD High Yield Corporate Bond ETF

Several hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in Xtrackers USD High Yield Corporate Bond ETF by 303.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,047 shares of the company’s stock worth $75,000 after purchasing an additional 1,539 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF during the fourth quarter valued at about $93,000. Jones Financial Companies Lllp increased its position in shares of Xtrackers USD High Yield Corporate Bond ETF by 26.0% during the third quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock valued at $132,000 after buying an additional 736 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of 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 worth $316,000 after buying an additional 5,202 shares in the last quarter. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF in the second quarter worth about $594,000.

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.