Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Sees Significant Increase in Short Interest

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 2,343,927 shares, an increase of 68.8% from the February 12th total of 1,388,895 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily volume of 1,636,028 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 1,636,028 shares, the short-interest ratio is presently 1.4 days. Approximately 2.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in HYLB. Financial Gravity Asset Management Inc. lifted its stake in Xtrackers USD High Yield Corporate Bond ETF by 7.9% during the fourth quarter. Financial Gravity Asset Management Inc. now owns 745,317 shares of the company’s stock worth $27,450,000 after purchasing an additional 54,755 shares during the last quarter. IFC & Insurance Marketing Inc. bought a new position in shares of Xtrackers USD High Yield Corporate Bond ETF during the 4th quarter valued at about $93,000. Performa Ltd US LLC raised its holdings in shares of Xtrackers USD High Yield Corporate Bond ETF by 4.2% during the 4th quarter. Performa Ltd US LLC now owns 1,511,750 shares of the company’s stock valued at $55,678,000 after buying an additional 60,851 shares in the last quarter. Wiser Advisor Group LLC lifted its position in Xtrackers USD High Yield Corporate Bond ETF by 3.2% in the 4th quarter. Wiser Advisor Group LLC now owns 34,875 shares of the company’s stock worth $1,284,000 after buying an additional 1,077 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Xtrackers USD High Yield Corporate Bond ETF by 303.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,047 shares of the company’s stock worth $75,000 after buying an additional 1,539 shares during the last quarter.

Xtrackers USD High Yield Corporate Bond ETF Trading Down 0.1%

Xtrackers USD High Yield Corporate Bond ETF stock traded down $0.05 during mid-day trading on Friday, hitting $36.20. 2,152,037 shares of the company traded hands, compared to its average volume of 1,782,343. Xtrackers USD High Yield Corporate Bond ETF has a one year low of $34.40 and a one year high of $37.19. The stock has a fifty day moving average price of $36.90 and a 200-day moving average price of $36.89.

Xtrackers USD High Yield Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1727 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Monday, March 2nd.

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.