Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) Sees Large Decrease in Short Interest

Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 9,444 shares, a decline of 24.5% from the January 29th total of 12,505 shares. Based on an average daily volume of 5,724 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.3% of the shares of the stock are sold short. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily volume of 5,724 shares, the days-to-cover ratio is currently 1.6 days.

Xtrackers High Beta High Yield Bond ETF Stock Performance

Xtrackers High Beta High Yield Bond ETF stock traded up $0.09 during trading on Wednesday, reaching $42.05. 6,828 shares of the company were exchanged, compared to its average volume of 19,417. Xtrackers High Beta High Yield Bond ETF has a 52-week low of $39.48 and a 52-week high of $42.91. The stock’s 50 day simple moving average is $42.31 and its two-hundred day simple moving average is $42.32.

Xtrackers High Beta High Yield Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be given a $0.1937 dividend. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date of this dividend is Monday, March 2nd.

Institutional Trading of Xtrackers High Beta High Yield Bond ETF

A hedge fund recently raised its stake in Xtrackers High Beta High Yield Bond ETF stock. Sound Income Strategies LLC increased its stake in Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) by 66.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,033 shares of the company’s stock after purchasing an additional 36,280 shares during the quarter. Sound Income Strategies LLC owned 18.21% of Xtrackers High Beta High Yield Bond ETF worth $3,840,000 at the end of the most recent quarter.

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.