Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP) Sees Significant Increase in Short Interest
by Michael Walen · The Markets DailyXtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP – Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 12,234 shares, a growth of 53.0% from the December 15th total of 7,995 shares. Approximately 1.7% of the shares of the company are sold short. Based on an average daily volume of 5,091 shares, the short-interest ratio is currently 2.4 days. Based on an average daily volume of 5,091 shares, the short-interest ratio is currently 2.4 days. Approximately 1.7% of the shares of the company are sold short.
Xtrackers High Beta High Yield Bond ETF Price Performance
Shares of NYSEARCA HYUP traded up $0.02 during midday trading on Friday, hitting $42.49. 7,261 shares of the company’s stock traded hands, compared to its average volume of 12,478. The firm has a fifty day moving average of $42.18 and a 200 day moving average of $42.30. Xtrackers High Beta High Yield Bond ETF has a 1 year low of $39.48 and a 1 year high of $42.91.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Xtrackers High Beta High Yield Bond ETF stock. Sound Income Strategies LLC grew its holdings in shares of Xtrackers High Beta High Yield Bond ETF (NYSEARCA:HYUP – Free Report) by 66.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,033 shares of the company’s stock after acquiring an additional 36,280 shares during the period. Sound Income Strategies LLC owned about 18.21% of Xtrackers High Beta High Yield Bond ETF worth $3,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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.