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

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 2,353,245 shares, a decline of 50.1% from the April 30th total of 4,714,302 shares. Based on an average daily volume of 899,729 shares, the short-interest ratio is presently 2.6 days. Currently, 2.6% of the shares of the stock are sold short.

Xtrackers USD High Yield Corporate Bond ETF Stock Down 0.7%

Shares of NYSEARCA:HYLB traded down $0.25 on Monday, hitting $36.42. The stock had a trading volume of 2,133,489 shares, compared to its average volume of 1,837,565. Xtrackers USD High Yield Corporate Bond ETF has a twelve month low of $35.92 and a twelve month high of $37.19. The firm’s 50 day moving average price is $36.49 and its 200-day moving average price is $36.72.

Institutional Investors Weigh In On Xtrackers USD High Yield Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in HYLB. EverSource Wealth Advisors LLC boosted its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 303.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,047 shares of the company’s stock valued at $75,000 after purchasing an additional 1,539 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new position in shares of Xtrackers USD High Yield Corporate Bond ETF in the fourth quarter valued at about $93,000. Jones Financial Companies Lllp raised its holdings in shares of 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 buying an additional 736 shares during the last quarter. Farther Finance Advisors LLC raised 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 valued at $316,000 after buying an additional 5,202 shares during the last quarter. Finally, Koss Olinger Consulting LLC bought a new position in shares of Xtrackers USD High Yield Corporate Bond ETF in the first quarter valued at about $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.