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

Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYLGet Free Report) saw a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 17,240 shares, a decline of 21.2% from the February 26th total of 21,889 shares. Based on an average daily volume of 41,419 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

Xtrackers Short Duration High Yield Bond ETF Stock Performance

Shares of SHYL stock opened at $44.00 on Friday. The firm’s 50 day moving average is $44.70 and its 200 day moving average is $44.96. Xtrackers Short Duration High Yield Bond ETF has a 12 month low of $42.03 and a 12 month high of $45.55.

Xtrackers Short Duration High Yield Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.237 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 6.5%.

Hedge Funds Weigh In On Xtrackers Short Duration High Yield Bond ETF

An institutional investor recently bought a new position in Xtrackers Short Duration High Yield Bond ETF stock. Janney Montgomery Scott LLC purchased a new stake in Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYLFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,097 shares of the company’s stock, valued at approximately $814,000. Janney Montgomery Scott LLC owned approximately 0.31% of Xtrackers Short Duration High Yield Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Xtrackers Short Duration High Yield Bond ETF Company Profile

(Get Free Report)

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.

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