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

Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 87,338 shares, an increase of 407.4% from the April 15th total of 17,214 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,636 shares, the short-interest ratio is presently 2.9 days.

Xtrackers Short Duration High Yield Bond ETF Price Performance

Shares of SHYL stock traded down $0.11 during mid-day trading on Friday, hitting $44.26. The company had a trading volume of 2,505 shares, compared to its average volume of 39,389. The stock’s 50 day moving average price is $44.44 and its 200-day moving average price is $44.79. Xtrackers Short Duration High Yield Bond ETF has a 52-week low of $43.94 and a 52-week high of $45.55.

Institutional Trading of Xtrackers Short Duration High Yield Bond ETF

Hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. increased its holdings 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 purchasing an additional 3,006 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Xtrackers Short Duration High Yield Bond ETF during the 4th quarter valued at approximately $814,000. Finally, USAdvisors Wealth Management LLC increased its stake in 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 worth $463,000 after acquiring an additional 720 shares during the last 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.