Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB – Get Free Report) was the recipient of a large decrease in short interest in 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. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 1,804,018 shares, the short-interest ratio is currently 0.6 days.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. Root Financial Partners LLC acquired a new stake in Xtrackers USD High Yield Corporate Bond ETF during the third quarter worth $134,000. Farther Finance Advisors LLC bought a new stake in Xtrackers USD High Yield Corporate Bond ETF in the 3rd quarter valued at $1,312,000. CoreCap Advisors LLC acquired a new position in shares of Xtrackers USD High Yield Corporate Bond ETF in the 3rd quarter valued at $42,000. Horizons Wealth Management acquired a new position in shares of Xtrackers USD High Yield Corporate Bond ETF in the 3rd quarter valued at $106,000. Finally, Markowski Investments acquired a new position in shares of Xtrackers USD High Yield Corporate Bond ETF in the 2nd quarter valued at $83,000.
Xtrackers USD High Yield Corporate Bond ETF Price Performance
Shares of HYLB stock traded down $0.10 during mid-day trading on Friday, reaching $35.25. The 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 one year low of $34.80 and a one year high of $37.11. The firm’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.
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