Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Sees Large Increase in Short Interest
by Amy Steele · The Cerbat GemXtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB – Get Free Report) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 2,544,933 shares, a growth of 140.3% from the March 15th total of 1,058,912 shares. Approximately 3.0% of the company’s shares are sold short. Based on an average daily trading volume, of 2,799,675 shares, the days-to-cover ratio is presently 0.9 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of HYLB. EverSource Wealth Advisors LLC grew its stake in 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 purchasing an additional 1,539 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new position in Xtrackers USD High Yield Corporate Bond ETF during the 4th quarter worth $93,000. Jones Financial Companies Lllp grew its stake in Xtrackers USD High Yield Corporate Bond ETF by 26.0% during 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 grew its stake 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 worth $316,000 after purchasing an additional 5,202 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its stake in Xtrackers USD High Yield Corporate Bond ETF by 17.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 17,934 shares of the company’s stock worth $666,000 after purchasing an additional 2,689 shares in the last quarter.
Xtrackers USD High Yield Corporate Bond ETF Trading Down 0.4%
HYLB stock opened at $36.50 on Friday. Xtrackers USD High Yield Corporate Bond ETF has a 12-month low of $34.83 and a 12-month high of $37.19. The business’s fifty day moving average price is $36.60 and its 200 day moving average price is $36.79.
Xtrackers USD High Yield Corporate Bond ETF Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were paid a dividend of $0.1727 per share. This represents a c) annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend was Monday, March 2nd.
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.