Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) Sees Large Drop in Short Interest

Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 5,587 shares, a drop of 93.6% from the April 30th total of 87,338 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 33,689 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On Xtrackers Short Duration High Yield Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of SHYL. USAdvisors Wealth Management LLC grew its holdings in 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 worth $463,000 after purchasing an additional 720 shares during the period. Janney Montgomery Scott LLC grew its holdings in Xtrackers Short Duration High Yield Bond ETF by 9.3% in the first quarter. Janney Montgomery Scott LLC now owns 19,774 shares of the company’s stock worth $878,000 after purchasing an additional 1,677 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Xtrackers Short Duration High Yield Bond ETF by 146.3% in the third quarter. Ameriprise Financial Inc. now owns 215,032 shares of the company’s stock worth $9,768,000 after purchasing an additional 127,730 shares during the period.

Xtrackers Short Duration High Yield Bond ETF Price Performance

NYSEARCA:SHYL traded up $0.04 during trading hours on Thursday, reaching $44.52. The company’s stock had a trading volume of 23,150 shares, compared to its average volume of 38,302. The firm has a 50-day simple moving average of $44.44 and a 200-day simple moving average of $44.75. Xtrackers Short Duration High Yield Bond ETF has a 1 year low of $43.94 and a 1 year high of $45.55.

Xtrackers Short Duration High Yield Bond ETF Company Profile

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.