Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Xtrackers USD High Yield Corporate Bond ETF (NYSEARCA:HYLB) saw unusually-strong trading volume on Monday . Approximately 1,369,094 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 1,466,954 shares.The stock last traded at $36.34 and had previously closed at $36.41.

Xtrackers USD High Yield Corporate Bond ETF Price Performance

The business’s 50-day moving average is $36.42 and its two-hundred day moving average is $36.48.

Institutional Investors Weigh In On Xtrackers USD High Yield Corporate Bond ETF

Hedge funds have recently bought and sold shares of the company. Global Financial Private Client LLC grew its holdings in shares of Xtrackers USD High Yield Corporate Bond ETF by 55.5% in the 4th quarter. Global Financial Private Client LLC now owns 15,118 shares of the company’s stock valued at $545,000 after buying an additional 5,397 shares during the period. Arkadios Wealth Advisors lifted its holdings in Xtrackers USD High Yield Corporate Bond ETF by 35.6% during the fourth quarter. Arkadios Wealth Advisors now owns 15,486 shares of the company’s stock worth $559,000 after acquiring an additional 4,066 shares in the last quarter. OLD Mission Capital LLC acquired a new position in Xtrackers USD High Yield Corporate Bond ETF in the fourth quarter valued at about $929,000. Bogart Wealth LLC increased its holdings in shares of Xtrackers USD High Yield Corporate Bond ETF by 4.7% in the fourth quarter. Bogart Wealth LLC now owns 26,399 shares of the company’s stock worth $952,000 after acquiring an additional 1,192 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Xtrackers USD High Yield Corporate Bond ETF by 83.1% during the third quarter. JPMorgan Chase & Co. now owns 26,266 shares of the company’s stock worth $970,000 after purchasing an additional 11,923 shares during the period.

About Xtrackers USD High Yield Corporate Bond ETF

The Xtrackers USD High Yield Corporate Bond ETF (HYLB) 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 1 to 15 years remaining to maturity. HYLB was launched on Dec 7, 2016 and is managed by Xtrackers.