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

Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 7,888 shares, a decrease of 52.2% from the May 14th total of 16,511 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 5,140 shares, the days-to-cover ratio is presently 1.5 days.

Xtrackers High Beta High Yield Bond ETF Trading Up 0.1%

NYSEARCA:HYUP traded up $0.03 during trading hours on Friday, hitting $41.75. The company’s stock had a trading volume of 1,679 shares, compared to its average volume of 11,519. Xtrackers High Beta High Yield Bond ETF has a 52-week low of $40.99 and a 52-week high of $42.91. The business’s 50-day moving average is $41.78 and its two-hundred day moving average is $41.99.

Institutional Investors Weigh In On Xtrackers High Beta High Yield Bond ETF

An institutional investor recently raised its position in Xtrackers High Beta High Yield Bond ETF stock. Sound Income Strategies LLC grew its position in Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) by 51.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,854 shares of the company’s stock after acquiring an additional 46,821 shares during the quarter. Sound Income Strategies LLC owned approximately 19.69% of Xtrackers High Beta High Yield Bond ETF worth $5,858,000 as of its most recent filing with the Securities and Exchange Commission.

Xtrackers High Beta High Yield Bond ETF Company Profile

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.