Short Interest in Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Decreases By 49.6%

Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,614,368 shares, a decrease of 49.6% from the June 30th total of 3,205,538 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 1,041,035 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Xtrackers USD High Yield Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in HYLB. EverSource Wealth Advisors LLC increased its holdings in shares of Xtrackers USD High Yield Corporate Bond ETF by 303.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,047 shares of the company’s stock worth $75,000 after acquiring an additional 1,539 shares during the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in Xtrackers USD High Yield Corporate Bond ETF during the 4th quarter valued at $93,000. Farther Finance Advisors LLC lifted its holdings in Xtrackers USD High Yield Corporate Bond ETF by 154.6% during the 4th quarter. Farther Finance Advisors LLC now owns 8,567 shares of the company’s stock valued at $316,000 after purchasing an additional 5,202 shares during the last quarter. Koss Olinger Consulting LLC bought a new position in Xtrackers USD High Yield Corporate Bond ETF during the first quarter worth $613,000. Finally, NewEdge Advisors LLC boosted its position in Xtrackers USD High Yield Corporate Bond ETF by 11.0% during the third quarter. NewEdge Advisors LLC now owns 25,506 shares of the company’s stock worth $947,000 after purchasing an additional 2,521 shares during the period.

Xtrackers USD High Yield Corporate Bond ETF Trading Up 0.1%

Xtrackers USD High Yield Corporate Bond ETF stock traded up $0.02 during midday trading on Tuesday, reaching $36.20. 126,435 shares of the company’s stock were exchanged, compared to its average volume of 1,636,304. Xtrackers USD High Yield Corporate Bond ETF has a 52 week low of $35.92 and a 52 week high of $37.19. The stock’s 50-day simple moving average is $36.42 and its 200 day simple moving average is $36.59.

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.