Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Short Interest Up 89.6% in April

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) saw a large growth in short interest in April. As of April 30th, there was short interest totaling 4,714,302 shares, a growth of 89.6% from the April 15th total of 2,487,035 shares. Currently, 5.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,671,929 shares, the days-to-cover ratio is presently 2.8 days.

Xtrackers USD High Yield Corporate Bond ETF Stock Performance

Shares of HYLB stock traded up $0.02 during trading on Monday, reaching $36.32. 3,499,308 shares of the company’s stock traded hands, compared to its average volume of 1,873,057. The firm’s 50-day moving average is $36.47 and its 200 day moving average is $36.73. Xtrackers USD High Yield Corporate Bond ETF has a 1 year low of $35.92 and a 1 year high of $37.19.

Institutional Trading of Xtrackers USD High Yield Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of HYLB. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 1,539 shares in the last quarter. IFC & Insurance Marketing Inc. purchased a new stake in Xtrackers USD High Yield Corporate Bond ETF in the 4th quarter worth approximately $93,000. Jones Financial Companies Lllp lifted its stake in Xtrackers USD High Yield Corporate Bond ETF by 26.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,571 shares of the company’s stock worth $132,000 after purchasing an additional 736 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Xtrackers USD High Yield Corporate Bond ETF by 154.6% in the 4th quarter. Farther Finance Advisors LLC now owns 8,567 shares of the company’s stock worth $316,000 after purchasing an additional 5,202 shares in the last quarter. Finally, Koss Olinger Consulting LLC purchased a new stake in Xtrackers USD High Yield Corporate Bond ETF in the 1st quarter worth approximately $613,000.

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.