Xtrackers Short Duration High Yield Bond ETF (NYSEARCA:SHYL – Get 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
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.
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