Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) Sees Significant Decrease in Short Interest

Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 9,957 shares, a decrease of 45.3% from the July 15th total of 18,197 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 80,480 shares, the days-to-cover ratio is currently 0.1 days.

Xtrackers Short Duration High Yield Bond ETF Trading Down 0.1%

Shares of SHYL opened at $44.01 on Wednesday. Xtrackers Short Duration High Yield Bond ETF has a 1-year low of $43.88 and a 1-year high of $45.55. The firm has a fifty day simple moving average of $44.17 and a two-hundred day simple moving average of $44.40.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. USAdvisors Wealth Management LLC increased its holdings in Xtrackers Short Duration High Yield Bond ETF by 7.3% during the first quarter. USAdvisors Wealth Management LLC now owns 10,528 shares of the company’s stock valued at $463,000 after buying an additional 720 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Xtrackers Short Duration High Yield Bond ETF by 9.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,774 shares of the company’s stock valued at $878,000 after purchasing an additional 1,677 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in Xtrackers Short Duration High Yield Bond ETF by 3.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 87,302 shares of the company’s stock worth $3,957,000 after acquiring an additional 3,006 shares in the last quarter.

Xtrackers Short Duration High Yield Bond ETF Company Profile

The Xtrackers Short Duration High Yield Bond ETF (SHYL) 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 0 to 5 years remaining to maturity. SHYL was launched on Jan 10, 2018 and is managed by Xtrackers.