Short Interest in Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Decreases By 49.6%

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,614,368 shares, a decline of 49.6% from the June 30th total of 3,205,538 shares. Currently, 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 1,041,035 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds 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 increased its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 303.0% during the fourth 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 during the period. IFC & Insurance Marketing Inc. bought a new position in Xtrackers USD High Yield Corporate Bond ETF during the 4th quarter worth $93,000. Farther Finance Advisors LLC lifted its holdings in shares of Xtrackers USD High Yield Corporate Bond ETF by 154.6% during 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. Koss Olinger Consulting LLC acquired a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF during the first quarter worth $613,000. Finally, NewEdge Advisors LLC boosted its position in shares of Xtrackers USD High Yield Corporate Bond ETF by 11.0% in the third quarter. NewEdge Advisors LLC now owns 25,506 shares of the company’s stock valued at $947,000 after acquiring an additional 2,521 shares during the period.

Xtrackers USD High Yield Corporate Bond ETF Stock Up 0.1%

HYLB traded up $0.02 on Tuesday, reaching $36.20. The company had a trading volume of 126,435 shares, compared to its average volume of 1,636,304. Xtrackers USD High Yield Corporate Bond ETF has a fifty-two week low of $35.92 and a fifty-two week high of $37.19. The company’s fifty day moving average is $36.42 and its 200 day moving average is $36.59.

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.