Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Short Interest Update

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 4,714,302 shares, an increase of 89.6% from the April 15th total of 2,487,035 shares. Currently, 5.1% of the shares of the stock are short sold. Based on an average daily volume of 1,671,929 shares, the days-to-cover ratio is currently 2.8 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of HYLB. EverSource Wealth Advisors LLC raised its holdings in Xtrackers USD High Yield Corporate Bond ETF by 303.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,047 shares of the company’s stock worth $75,000 after purchasing an additional 1,539 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new position in Xtrackers USD High Yield Corporate Bond ETF during the fourth quarter worth $93,000. Jones Financial Companies Lllp raised its holdings in Xtrackers USD High Yield Corporate Bond ETF by 26.0% during the third quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock worth $132,000 after purchasing an additional 736 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Xtrackers USD High Yield Corporate Bond ETF by 154.6% during the fourth quarter. Farther Finance Advisors LLC now owns 8,567 shares of the company’s stock worth $316,000 after purchasing an additional 5,202 shares during the last quarter. Finally, Koss Olinger Consulting LLC acquired a new position in Xtrackers USD High Yield Corporate Bond ETF during the first quarter worth $613,000.

Xtrackers USD High Yield Corporate Bond ETF Stock Performance

HYLB stock traded down $0.16 during midday trading on Friday, hitting $36.30. 569,276 shares of the stock were exchanged, compared to its average volume of 1,855,533. The stock’s 50-day moving average price is $36.48 and its 200-day moving average price is $36.74. Xtrackers USD High Yield Corporate Bond ETF has a fifty-two week low of $35.92 and a fifty-two week high of $37.19.

About Xtrackers USD High Yield Corporate Bond ETF

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.