Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL – Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 12,206 shares, a growth of 162.2% from the August 15th total of 4,656 shares. Based on an average daily volume of 23,695 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are short sold.
Hedge Funds Weigh In On Xtrackers Short Duration High Yield Bond ETF
A number of hedge funds have recently bought and sold shares of the company. USAdvisors Wealth Management LLC boosted its holdings in Xtrackers Short Duration High Yield Bond ETF by 7.3% during the first quarter. USAdvisors Wealth Management LLC now owns 10,528 shares of the company’s stock worth $463,000 after purchasing an additional 720 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Xtrackers Short Duration High Yield Bond ETF by 9.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 19,774 shares of the company’s stock valued at $878,000 after buying an additional 1,677 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Xtrackers Short Duration High Yield Bond ETF by 3.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 87,302 shares of the company’s stock worth $3,957,000 after buying an additional 3,006 shares in the last quarter.
Xtrackers Short Duration High Yield Bond ETF Stock Down 0.1%
Shares of NYSEARCA:SHYL opened at $43.66 on Friday. The business’s 50 day moving average is $44.06 and its 200 day moving average is $44.29. Xtrackers Short Duration High Yield Bond ETF has a 12-month low of $43.66 and a 12-month high of $45.55.
Xtrackers Short Duration High Yield Bond ETF Company Profile
The Xtrackers Short Duration High Yield Bond ETF (SHYL) 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 0 to 5 years remaining to maturity. SHYL was launched on Jan 10, 2018 and is managed by Xtrackers.
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