Junk Bond ETFs in the Middle of a Bull and Bear Tug of War

The video discusses the current market dynamics between bulls and bears, focusing on the unusually high short interest in major junk bond ETFs like HYG and JNK. It highlights the increase in short interest from 25% to 50% over six months, driven by fluctuating interest rates and potential defaults. Despite this, HYG showed a 1% rise in July, sparking interest in how long shorts can persist. The video also explores the CDS ETF, WYDE, which inversely tracks HYG, offering an alternative investment strategy. The discussion provides insights into market speculation and potential credit events in the high yield market.

What is the significance of the CDS ETF mentioned in the text?

How does the CDS ETF relate to HYG according to the discussion?