Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) Sees Significant Growth in Short Interest

by · The Markets Daily

Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP – Get Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 15,978 shares, an increase of 102.6% from the May 31st total of 7,888 shares. Based on an average daily trading volume, of 4,986 shares, the days-to-cover ratio is presently 3.2 days. Approximately 1.5% of the company’s stock are short sold.

Xtrackers High Beta High Yield Bond ETF Price Performance

NYSEARCA HYUP traded down $0.18 during trading on Wednesday, hitting $41.47. The company’s stock had a trading volume of 6,563 shares, compared to its average volume of 10,891. Xtrackers High Beta High Yield Bond ETF has a fifty-two week low of $40.99 and a fifty-two week high of $42.91. The business’s 50 day simple moving average is $41.73 and its 200-day simple moving average is $41.94.

Institutional Trading of Xtrackers High Beta High Yield Bond ETF

An institutional investor recently raised its stake in Xtrackers High Beta High Yield Bond ETF stock. Sound Income Strategies LLC boosted its stake in shares of Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP – Free Report) by 51.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,854 shares of the company’s stock after purchasing an additional 46,821 shares during the period. Sound Income Strategies LLC owned approximately 19.69% of Xtrackers High Beta High Yield Bond ETF worth $5,858,000 at the end of the most recent reporting period.

About Xtrackers High Beta High Yield Bond ETF

(Get Free Report)

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.

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