Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL – Get Free Report) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 17,240 shares, a drop of 21.2% from the February 26th total of 21,889 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 41,419 shares, the days-to-cover ratio is currently 0.4 days.
Xtrackers Short Duration High Yield Bond ETF Price Performance
Shares of SHYL traded up $0.06 during trading hours on Monday, hitting $44.06. The company’s stock had a trading volume of 23,351 shares, compared to its average volume of 41,876. The business has a 50 day simple moving average of $44.70 and a two-hundred day simple moving average of $44.95. Xtrackers Short Duration High Yield Bond ETF has a 52-week low of $42.03 and a 52-week high of $45.55.
Xtrackers Short Duration High Yield Bond ETF Cuts Dividend
The firm also recently disclosed a monthly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a $0.237 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.5%.
Institutional Investors Weigh In On Xtrackers Short Duration High Yield Bond ETF
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.
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