Short Interest in Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) Decreases By 93.6%

Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 5,587 shares, a decline of 93.6% from the April 30th total of 87,338 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 33,689 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Xtrackers Short Duration High Yield Bond ETF

Hedge funds have recently modified their holdings of the stock. USAdvisors Wealth Management LLC increased its stake in shares of 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. Janney Montgomery Scott LLC bought a new stake in Xtrackers Short Duration High Yield Bond ETF during the 4th quarter valued at $814,000. Finally, Ameriprise Financial Inc. increased its stake in Xtrackers Short Duration High Yield Bond ETF by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 87,302 shares of the company’s stock valued at $3,957,000 after purchasing an additional 3,006 shares in the last quarter.

Xtrackers Short Duration High Yield Bond ETF Stock Performance

Shares of NYSEARCA:SHYL traded up $0.02 during mid-day trading on Wednesday, hitting $44.48. The company had a trading volume of 18,053 shares, compared to its average volume of 38,528. The firm has a fifty day moving average price of $44.44 and a 200 day moving average price of $44.75. Xtrackers Short Duration High Yield Bond ETF has a one year low of $43.94 and a one year high of $45.55.

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.