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

Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 4,656 shares, a decline of 53.2% from the July 30th total of 9,957 shares. Based on an average trading volume of 23,220 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of Xtrackers Short Duration High Yield Bond ETF

Large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its holdings in shares of 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 valued at $9,768,000 after buying an additional 127,730 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Xtrackers Short Duration High Yield Bond ETF by 9.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 19,774 shares of the company’s stock valued at $878,000 after acquiring an additional 1,677 shares in the last quarter. Finally, USAdvisors Wealth Management LLC increased its position in Xtrackers Short Duration High Yield Bond ETF by 7.3% in the 1st quarter. USAdvisors Wealth Management LLC now owns 10,528 shares of the company’s stock valued at $463,000 after acquiring an additional 720 shares in the last quarter.

Xtrackers Short Duration High Yield Bond ETF Stock Up 0.1%

NYSEARCA SHYL traded up $0.05 during trading hours on Friday, reaching $44.26. 52,856 shares of the company’s stock were exchanged, compared to its average volume of 37,638. The firm has a fifty day moving average of $44.14 and a 200-day moving average of $44.36. Xtrackers Short Duration High Yield Bond ETF has a one year low of $43.88 and a one year high of $45.55.

About Xtrackers Short Duration High Yield Bond ETF

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.