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

Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 3,668 shares, a decline of 71.1% from the August 15th total of 12,690 shares. Based on an average daily trading volume, of 4,331 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the shares of the stock are sold short.

Xtrackers High Beta High Yield Bond ETF Trading Down 0.0%

HYUP stock traded down $0.01 during trading on Friday, reaching $40.78. The company’s stock had a trading volume of 639 shares, compared to its average volume of 9,103. Xtrackers High Beta High Yield Bond ETF has a 1 year low of $40.77 and a 1 year high of $42.91. The company’s fifty day moving average is $41.36 and its 200-day moving average is $41.60.

Institutional Trading of Xtrackers High Beta High Yield Bond ETF

A hedge fund recently raised its stake in Xtrackers High Beta High Yield Bond ETF stock. Sound Income Strategies LLC raised its stake in shares of Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) by 22.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 169,166 shares of the company’s stock after purchasing an additional 31,312 shares during the period. Sound Income Strategies LLC owned 16.11% of Xtrackers High Beta High Yield Bond ETF worth $7,003,000 as of its most recent filing with the Securities & Exchange Commission.

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.