Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) Stock Short Interest Drops 90.9%

Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 334 shares, a drop of 90.9% from the August 31st total of 3,668 shares. Based on an average daily volume of 7,872 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Xtrackers High Beta High Yield Bond ETF

An institutional investor recently raised its stake in Xtrackers High Beta High Yield Bond ETF stock. Sound Income Strategies LLC increased its holdings in shares of Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) by 22.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 169,166 shares of the company’s stock after purchasing an additional 31,312 shares during the quarter. Sound Income Strategies LLC owned approximately 16.11% of Xtrackers High Beta High Yield Bond ETF worth $7,003,000 as of its most recent SEC filing.

Xtrackers High Beta High Yield Bond ETF Trading Down 0.3%

Shares of NYSEARCA:HYUP traded down $0.14 during midday trading on Friday, hitting $40.15. The company’s stock had a trading volume of 2,681 shares, compared to its average volume of 9,280. The stock’s 50 day simple moving average is $41.20 and its 200 day simple moving average is $41.50. Xtrackers High Beta High Yield Bond ETF has a fifty-two week low of $40.14 and a fifty-two week high of $42.84.

About Xtrackers High Beta High Yield Bond ETF

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.