Xtrackers Low Beta High Yield Bond ETF (NYSEARCA:HYDW) Sees Large Decrease in Short Interest

Xtrackers Low Beta High Yield Bond ETF (NYSEARCA:HYDW) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 738 shares, a drop of 81.4% from the February 26th total of 3,963 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,633 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 4,633 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Xtrackers Low Beta High Yield Bond ETF by 28.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,129 shares of the company’s stock valued at $574,000 after acquiring an additional 2,688 shares during the last quarter. Financial Gravity Asset Management Inc. increased its position in Xtrackers Low Beta High Yield Bond ETF by 6.6% during the fourth quarter. Financial Gravity Asset Management Inc. now owns 387,299 shares of the company’s stock worth $18,274,000 after purchasing an additional 23,873 shares during the last quarter. Finally, American Family Investments Inc. raised its stake in Xtrackers Low Beta High Yield Bond ETF by 79.6% during the second quarter. American Family Investments Inc. now owns 5,348,000 shares of the company’s stock worth $252,878,000 after purchasing an additional 2,370,000 shares during the period.

Xtrackers Low Beta High Yield Bond ETF Stock Down 0.2%

Shares of NYSEARCA HYDW traded down $0.10 during midday trading on Tuesday, hitting $46.39. The company had a trading volume of 5,618 shares, compared to its average volume of 9,552. Xtrackers Low Beta High Yield Bond ETF has a twelve month low of $44.79 and a twelve month high of $47.57. The business has a 50-day simple moving average of $47.08 and a two-hundred day simple moving average of $47.18.

Xtrackers Low Beta High Yield Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1986 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 5.1%.

About Xtrackers Low Beta High Yield Bond ETF

The Xtrackers Low Beta High Yield Bond ETF (HYDW) 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 low yield to worst. HYDW was launched on Jan 11, 2018 and is managed by Xtrackers.