Short Interest in Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) Expands By 102.6%

Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 15,978 shares, an increase of 102.6% from the May 31st total of 7,888 shares. Based on an average trading volume of 4,986 shares, the days-to-cover ratio is presently 3.2 days. Currently, 1.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Xtrackers High Beta High Yield Bond ETF stock. Sound Income Strategies LLC grew its position in shares of Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) by 51.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,854 shares of the company’s stock after purchasing an additional 46,821 shares during the period. Sound Income Strategies LLC owned 19.69% of Xtrackers High Beta High Yield Bond ETF worth $5,858,000 at the end of the most recent quarter.

Xtrackers High Beta High Yield Bond ETF Price Performance

Shares of NYSEARCA:HYUP remained flat at $41.64 on Tuesday. The stock had a trading volume of 10,307 shares, compared to its average volume of 10,901. Xtrackers High Beta High Yield Bond ETF has a twelve month low of $40.99 and a twelve month high of $42.91. The business has a 50-day moving average of $41.76 and a 200 day moving average of $41.95.

About Xtrackers High Beta High Yield Bond ETF

The Xtrackers High Beta High Yield Bond ETF (HYUP) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks an index of USD-denominated high yield bonds with a high yield to worst. HYUP was launched on Jan 11, 2018 and is managed by Xtrackers.