Short Interest in Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Decreases By 18.8%

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) saw a large decline in short interest in February. As of February 13th, there was short interest totaling 1,388,895 shares, a decline of 18.8% from the January 29th total of 1,710,927 shares. Based on an average daily volume of 1,259,279 shares, the short-interest ratio is presently 1.1 days. Currently, 1.4% of the shares of the stock are sold short. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 1,259,279 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HYLB. Wiser Advisor Group LLC increased its holdings in Xtrackers USD High Yield Corporate Bond ETF by 1.3% during the 3rd quarter. Wiser Advisor Group LLC now owns 33,798 shares of the company’s stock valued at $1,254,000 after purchasing an additional 435 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Xtrackers USD High Yield Corporate Bond ETF by 26.0% during the third quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock worth $132,000 after purchasing an additional 736 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Xtrackers USD High Yield Corporate Bond ETF by 303.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,047 shares of the company’s stock valued at $75,000 after buying an additional 1,539 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Xtrackers USD High Yield Corporate Bond ETF by 11.0% in the third quarter. NewEdge Advisors LLC now owns 25,506 shares of the company’s stock valued at $947,000 after buying an additional 2,521 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. acquired a new position in Xtrackers USD High Yield Corporate Bond ETF during the 4th quarter worth about $93,000.

Xtrackers USD High Yield Corporate Bond ETF Stock Up 0.3%

Shares of HYLB traded up $0.11 during trading hours on Wednesday, hitting $36.74. The stock had a trading volume of 1,184,056 shares, compared to its average volume of 1,680,020. The company’s fifty day moving average is $36.94 and its two-hundred day moving average is $36.91. Xtrackers USD High Yield Corporate Bond ETF has a 52 week low of $34.40 and a 52 week high of $37.19.

Xtrackers USD High Yield Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.1727 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.6%.

About Xtrackers USD High Yield Corporate Bond ETF

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.