Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Sees Large Drop in Short Interest

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 1,058,912 shares, a decrease of 54.8% from the February 26th total of 2,343,927 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,419,448 shares, the days-to-cover ratio is currently 0.4 days.

Xtrackers USD High Yield Corporate Bond ETF Stock Down 0.7%

NYSEARCA HYLB traded down $0.24 on Thursday, reaching $36.08. 1,378,140 shares of the company’s stock traded hands, compared to its average volume of 1,989,689. Xtrackers USD High Yield Corporate Bond ETF has a 12 month low of $34.40 and a 12 month high of $37.19. The stock has a 50-day simple moving average of $36.78 and a 200 day simple moving average of $36.85.

Xtrackers USD High Yield Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a dividend of $0.1727 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.7%.

Hedge Funds Weigh In On Xtrackers USD High Yield Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the business. Performa Ltd US LLC lifted its stake in Xtrackers USD High Yield Corporate Bond ETF by 4.2% in the fourth quarter. Performa Ltd US LLC now owns 1,511,750 shares of the company’s stock worth $55,678,000 after purchasing an additional 60,851 shares during the last quarter. Financial Gravity Asset Management Inc. grew its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 7.9% during the fourth quarter. Financial Gravity Asset Management Inc. now owns 745,317 shares of the company’s stock valued at $27,450,000 after buying an additional 54,755 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 0.7% during the second quarter. Ameriprise Financial Inc. now owns 679,733 shares of the company’s stock valued at $25,005,000 after buying an additional 5,000 shares during the last quarter. Retirement Investment Advisors Inc. increased its holdings in shares of Xtrackers USD High Yield Corporate Bond ETF by 2.0% in the third quarter. Retirement Investment Advisors Inc. now owns 518,245 shares of the company’s stock worth $19,232,000 after buying an additional 10,242 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in shares of Xtrackers USD High Yield Corporate Bond ETF by 21.6% in the fourth quarter. TD Private Client Wealth LLC now owns 376,965 shares of the company’s stock worth $13,884,000 after buying an additional 66,936 shares during the period.

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.