Short Interest in Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Grows By 46.3%

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) was the target of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 1,710,927 shares, a growth of 46.3% from the January 15th total of 1,169,182 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average daily volume of 1,148,150 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 1,148,150 shares, the short-interest ratio is currently 1.5 days. Currently, 1.8% of the shares of the company are sold short.

Xtrackers USD High Yield Corporate Bond ETF Price Performance

HYLB opened at $36.94 on Friday. The firm has a 50 day moving average of $36.92 and a two-hundred day moving average of $36.89. Xtrackers USD High Yield Corporate Bond ETF has a 12-month low of $34.40 and a 12-month high of $37.19.

Xtrackers USD High Yield Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Monday, February 2nd were issued a $0.206 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Investors Weigh In On Xtrackers USD High Yield Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC purchased a new position in shares of Xtrackers USD High Yield Corporate Bond ETF during the 2nd quarter worth approximately $594,000. TD Private Client Wealth LLC increased its position in shares of Xtrackers USD High Yield Corporate Bond ETF by 22.4% in the third quarter. TD Private Client Wealth LLC now owns 310,029 shares of the company’s stock worth $11,505,000 after acquiring an additional 56,730 shares in the last quarter. Virtue Capital Management LLC acquired a new stake in Xtrackers USD High Yield Corporate Bond ETF in the second quarter valued at approximately $865,000. Performa Ltd US LLC boosted its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 11.7% during the 3rd quarter. Performa Ltd US LLC now owns 1,450,899 shares of the company’s stock valued at $53,843,000 after buying an additional 151,943 shares during the last quarter. Finally, Retirement Investment Advisors Inc. grew its position in shares of Xtrackers USD High Yield Corporate Bond ETF by 5.3% in the 2nd quarter. Retirement Investment Advisors Inc. now owns 508,003 shares of the company’s stock worth $18,755,000 after acquiring an additional 25,754 shares in the last quarter.

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.