Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Stock Short Interest Falls 48.5%

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

Institutional Trading of Xtrackers USD High Yield Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC bought a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF during the 3rd quarter valued at about $42,000. Markowski Investments bought a new position in shares of Xtrackers USD High Yield Corporate Bond ETF in the second quarter worth approximately $83,000. Horizons Wealth Management bought a new position in shares of Xtrackers USD High Yield Corporate Bond ETF in the third quarter worth approximately $106,000. Root Financial Partners LLC purchased a new stake in shares of Xtrackers USD High Yield Corporate Bond ETF during the 3rd quarter valued at $134,000. Finally, Koss Olinger Consulting LLC purchased a new stake in Xtrackers USD High Yield Corporate Bond ETF during the first quarter valued at about $613,000.

Xtrackers USD High Yield Corporate Bond ETF Trading Down 0.3%

Shares of HYLB stock traded down $0.10 on Friday, reaching $35.25. The company’s stock had a trading volume of 2,135,400 shares, compared to its average volume of 1,518,711. Xtrackers USD High Yield Corporate Bond ETF has a 12-month low of $34.80 and a 12-month high of $37.11. The stock’s 50 day simple moving average is $35.60 and its 200-day simple moving average is $36.31.

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.