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

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,122,211 shares, a decline of 48.5% from the September 30th total of 2,178,540 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 1,804,018 shares, the short-interest ratio is presently 0.6 days.

Xtrackers USD High Yield Corporate Bond ETF Stock Performance

Shares of Xtrackers USD High Yield Corporate Bond ETF stock traded down $0.23 during trading on Monday, hitting $35.02. The company’s stock had a trading volume of 2,328,095 shares, compared to its average volume of 1,522,569. Xtrackers USD High Yield Corporate Bond ETF has a 52 week low of $34.80 and a 52 week high of $37.11. The stock has a 50-day moving average price of $35.57 and a two-hundred day moving average price of $36.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Markowski Investments bought a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF in the 2nd quarter valued at about $83,000. CoreCap Advisors LLC bought a new position in shares of Xtrackers USD High Yield Corporate Bond ETF during the third quarter worth about $42,000. Horizons Wealth Management bought a new position in shares of Xtrackers USD High Yield Corporate Bond ETF during the third quarter worth about $106,000. Root Financial Partners LLC acquired a new position in shares of Xtrackers USD High Yield Corporate Bond ETF in the third quarter worth approximately $134,000. Finally, Koss Olinger Consulting LLC acquired a new position in shares of Xtrackers USD High Yield Corporate Bond ETF in the first quarter worth approximately $613,000.

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.