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

Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 4,605 shares, a drop of 72.6% from the November 30th total of 16,806 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 27,824 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 27,824 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Xtrackers Short Duration High Yield Bond ETF Price Performance

Shares of SHYL stock opened at $44.94 on Thursday. Xtrackers Short Duration High Yield Bond ETF has a 12-month low of $42.03 and a 12-month high of $45.55. The firm has a fifty day moving average of $45.01 and a 200-day moving average of $45.10.

Xtrackers Short Duration High Yield Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 10th. Shareholders of record on Monday, November 3rd were paid a $0.2619 dividend. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from Xtrackers Short Duration High Yield Bond ETF’s previous monthly dividend of $0.25. This represents a c) dividend on an annualized basis and a yield of 7.0%.

Institutional Investors Weigh In On Xtrackers Short Duration High Yield Bond ETF

A hedge fund recently raised its stake in Xtrackers Short Duration High Yield Bond ETF stock. USAdvisors Wealth Management LLC increased its holdings in shares of Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) by 4.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,506 shares of the company’s stock after purchasing an additional 501 shares during the period. USAdvisors Wealth Management LLC owned approximately 0.31% of Xtrackers Short Duration High Yield Bond ETF worth $566,000 at the end of the most recent quarter.

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.