Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Short Interest Down 70.0% in December

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 415,258 shares, a drop of 70.0% from the December 15th total of 1,385,246 shares. Based on an average trading volume of 859,809 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 859,809 shares, the days-to-cover ratio is presently 0.5 days.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its position in shares of Xtrackers USD High Yield Corporate Bond ETF by 1,103.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 223,441 shares of the company’s stock valued at $8,249,000 after acquiring an additional 204,868 shares during the period. Performa Ltd US LLC raised its stake in Xtrackers USD High Yield Corporate Bond ETF by 11.7% in the third quarter. Performa Ltd US LLC now owns 1,450,899 shares of the company’s stock valued at $53,843,000 after purchasing an additional 151,943 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in Xtrackers USD High Yield Corporate Bond ETF in the second quarter valued at about $2,581,000. TD Private Client Wealth LLC lifted its position in Xtrackers USD High Yield Corporate Bond ETF by 22.4% during the third quarter. TD Private Client Wealth LLC now owns 310,029 shares of the company’s stock worth $11,505,000 after purchasing an additional 56,730 shares during the period. Finally, Retirement Investment Advisors Inc. grew its stake in Xtrackers USD High Yield Corporate Bond ETF by 5.3% during the second quarter. Retirement Investment Advisors Inc. now owns 508,003 shares of the company’s stock worth $18,755,000 after buying an additional 25,754 shares in the last quarter.

Xtrackers USD High Yield Corporate Bond ETF Stock Performance

NYSEARCA HYLB traded up $0.01 during trading on Tuesday, reaching $37.01. The company’s stock had a trading volume of 13,086,013 shares, compared to its average volume of 2,619,395. The firm has a 50 day moving average price of $36.83 and a 200 day moving average price of $36.85. Xtrackers USD High Yield Corporate Bond ETF has a 12 month low of $34.40 and a 12 month 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.