Short Interest in Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) Drops By 24.5%

Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYLGet Free Report) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 22,463 shares, a decline of 24.5% from the January 29th total of 29,767 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 54,326 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 54,326 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s shares are short sold.

Xtrackers Short Duration High Yield Bond ETF Trading Down 0.5%

Shares of NYSEARCA SHYL traded down $0.21 during mid-day trading on Monday, reaching $44.65. 37,690 shares of the company’s stock were exchanged, compared to its average volume of 43,216. The business has a fifty day simple moving average of $44.99 and a 200 day simple moving average of $45.09. Xtrackers Short Duration High Yield Bond ETF has a twelve month low of $42.03 and a twelve month high of $45.55.

Xtrackers Short Duration High Yield Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be issued a dividend of $0.237 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Monday, March 2nd.

Institutional Trading of Xtrackers Short Duration High Yield Bond ETF

An institutional investor recently raised its position in Xtrackers Short Duration High Yield Bond ETF stock. Ameriprise Financial Inc. lifted its position in shares of Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYLFree Report) by 146.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 215,032 shares of the company’s stock after buying an additional 127,730 shares during the period. Ameriprise Financial Inc. owned about 3.98% of Xtrackers Short Duration High Yield Bond ETF worth $9,768,000 at the end of the most recent quarter.

Xtrackers Short Duration High Yield Bond ETF Company Profile

(Get Free Report)

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.

Further Reading

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