Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) Sees Significant Drop in Short Interest

Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 7,888 shares, a decline of 52.2% from the May 14th total of 16,511 shares. Based on an average trading volume of 5,140 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.8% of the shares of the company are short sold.

Institutional Trading of Xtrackers High Beta High Yield Bond ETF

An institutional investor recently raised its position in Xtrackers High Beta High Yield Bond ETF stock. Sound Income Strategies LLC increased its position in Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) by 51.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,854 shares of the company’s stock after buying an additional 46,821 shares during the quarter. Sound Income Strategies LLC owned about 19.69% of Xtrackers High Beta High Yield Bond ETF worth $5,858,000 at the end of the most recent reporting period.

Xtrackers High Beta High Yield Bond ETF Trading Up 0.1%

HYUP stock traded up $0.03 during trading on Friday, reaching $41.75. 1,679 shares of the company’s stock were exchanged, compared to its average volume of 11,519. Xtrackers High Beta High Yield Bond ETF has a 1-year low of $40.99 and a 1-year high of $42.91. The company’s fifty day moving average price is $41.78 and its 200-day moving average price is $41.99.

Xtrackers High Beta High Yield Bond ETF Company Profile

The Xtrackers High Beta High Yield Bond ETF (HYUP) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high yield bonds with a high yield to worst. HYUP was launched on Jan 11, 2018 and is managed by Xtrackers.