Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) Sees Significant Increase in Short Interest

Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 7,473 shares, a growth of 115.4% from the December 31st total of 3,470 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 32,960 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 32,960 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

Xtrackers Short Duration High Yield Bond ETF Trading Up 0.2%

Shares of NYSEARCA SHYL opened at $45.12 on Friday. The firm’s 50 day moving average price is $45.06 and its 200-day moving average price is $45.12. Xtrackers Short Duration High Yield Bond ETF has a 52-week low of $42.03 and a 52-week high of $45.55.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Xtrackers Short Duration High Yield Bond ETF stock. Ameriprise Financial Inc. boosted its position in shares of Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) by 146.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 215,032 shares of the company’s stock after purchasing an additional 127,730 shares during the period. Ameriprise Financial Inc. owned about 3.98% of Xtrackers Short Duration High Yield Bond ETF worth $9,768,000 as of its most recent SEC filing.

Xtrackers Short Duration High Yield Bond ETF Company Profile

The Xtrackers Short Duration High Yield Bond ETF (SHYL) 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 0 to 5 years remaining to maturity. SHYL was launched on Jan 10, 2018 and is managed by Xtrackers.