Short Interest in Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) Declines By 27.4%

Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totaling 14,172 shares, a decrease of 27.4% from the March 15th total of 19,525 shares. Currently, 1.3% of the company’s stock are sold short. Based on an average daily trading volume, of 3,988 shares, the short-interest ratio is presently 3.6 days.

Xtrackers High Beta High Yield Bond ETF Trading Up 0.0%

Shares of NYSEARCA:HYUP traded up $0.02 during trading on Wednesday, reaching $42.10. 7,557 shares of the stock traded hands, compared to its average volume of 13,921. The stock has a 50-day moving average of $41.84 and a two-hundred day moving average of $42.11. Xtrackers High Beta High Yield Bond ETF has a 52-week low of $40.35 and a 52-week high of $42.91.

Xtrackers High Beta High Yield Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1937 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 5.5%.

Institutional Investors Weigh In On 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 boosted its stake in Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) by 66.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 91,033 shares of the company’s stock after purchasing an additional 36,280 shares during the period. Sound Income Strategies LLC owned approximately 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.