Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Stock Short Interest Falls 48.5%

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 1,122,211 shares, a drop of 48.5% from the September 30th total of 2,178,540 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,804,018 shares, the short-interest ratio is currently 0.6 days.

Xtrackers USD High Yield Corporate Bond ETF Price Performance

Shares of Xtrackers USD High Yield Corporate Bond ETF stock traded down $0.10 during trading hours on Friday, reaching $35.25. The company had a trading volume of 2,135,400 shares, compared to its average volume of 1,518,711. Xtrackers USD High Yield Corporate Bond ETF has a one year low of $34.80 and a one year high of $37.11. The business has a fifty day simple moving average of $35.60 and a 200 day simple moving average of $36.31.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Markowski Investments purchased a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF in the second quarter worth about $83,000. CoreCap Advisors LLC bought a new position in shares of Xtrackers USD High Yield Corporate Bond ETF in the third quarter valued at approximately $42,000. Horizons Wealth Management bought a new position in shares of Xtrackers USD High Yield Corporate Bond ETF in the third quarter valued at approximately $106,000. Root Financial Partners LLC purchased a new position in Xtrackers USD High Yield Corporate Bond ETF during the third quarter valued at approximately $134,000. Finally, Koss Olinger Consulting LLC purchased a new position in Xtrackers USD High Yield Corporate Bond ETF during the first quarter valued at approximately $613,000.

Xtrackers USD High Yield Corporate Bond ETF Company Profile

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.