Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) Short Interest Update

Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 18,197 shares, an increase of 104.7% from the June 30th total of 8,891 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 37,308 shares, the short-interest ratio is presently 0.5 days.

Xtrackers Short Duration High Yield Bond ETF Stock Up 0.4%

Shares of SHYL stock traded up $0.17 during trading hours on Thursday, reaching $44.07. 20,139 shares of the stock traded hands, compared to its average volume of 39,889. Xtrackers Short Duration High Yield Bond ETF has a 1-year low of $43.89 and a 1-year high of $45.55. The business has a fifty day moving average price of $44.25 and a 200 day moving average price of $44.51.

Hedge Funds Weigh In On Xtrackers Short Duration High Yield Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHYL. USAdvisors Wealth Management LLC raised its stake in Xtrackers Short Duration High Yield Bond ETF by 7.3% during the 1st quarter. USAdvisors Wealth Management LLC now owns 10,528 shares of the company’s stock valued at $463,000 after purchasing an additional 720 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Xtrackers Short Duration High Yield Bond ETF in the fourth quarter worth $814,000. Finally, Ameriprise Financial Inc. boosted its position in shares of Xtrackers Short Duration High Yield Bond ETF by 3.6% in the second quarter. Ameriprise Financial Inc. now owns 87,302 shares of the company’s stock worth $3,957,000 after buying an additional 3,006 shares during the period.

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.