Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL – Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 17,240 shares, a drop of 21.2% from the February 26th total of 21,889 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 41,419 shares, the short-interest ratio is currently 0.4 days.
Xtrackers Short Duration High Yield Bond ETF Trading Down 0.1%
Shares of NYSEARCA:SHYL opened at $44.00 on Friday. The firm’s fifty day moving average is $44.70 and its 200-day moving average is $44.96. Xtrackers Short Duration High Yield Bond ETF has a 52 week low of $42.03 and a 52 week high of $45.55.
Xtrackers Short Duration High Yield Bond ETF Cuts Dividend
The firm also recently announced a monthly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a dividend of $0.237 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.5%.
Hedge Funds Weigh In On Xtrackers Short Duration High Yield Bond ETF
About Xtrackers Short Duration High Yield Bond ETF
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.
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