KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB – Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,067 shares, a decrease of 85.4% from the September 30th total of 7,323 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 2,951 shares, the days-to-cover ratio is currently 0.4 days.
Hedge Funds Weigh In On KraneShares Asia Pacific High Income Bond ETF
An institutional investor recently bought a new position in KraneShares Asia Pacific High Income Bond ETF stock. Ascentis Independent Advisors purchased a new stake in KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB – Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,887 shares of the company’s stock, valued at approximately $187,000. Ascentis Independent Advisors owned approximately 1.13% of KraneShares Asia Pacific High Income Bond ETF as of its most recent filing with the SEC.
KraneShares Asia Pacific High Income Bond ETF Price Performance
KHYB stock traded down $0.01 during mid-day trading on Tuesday, reaching $23.46. The company had a trading volume of 9,915 shares, compared to its average volume of 3,271. The company has a market capitalization of $15.25 million, a PE ratio of 10.02 and a beta of 0.18. The firm has a 50 day moving average of $23.88 and a 200 day moving average of $24.19. KraneShares Asia Pacific High Income Bond ETF has a 12 month low of $23.47 and a 12 month high of $24.88.
KraneShares Asia Pacific High Income Bond ETF Cuts Dividend
The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a $0.1908 dividend. This represents a $2.29 annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend was Tuesday, September 29th. This is a negative change from KraneShares Asia Pacific High Income Bond ETF’s previous monthly dividend of $0.1938.
About KraneShares Asia Pacific High Income Bond ETF
The KraneShares Asia Pacific High Income Bond ETF (KHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that provides broad exposure to primarily high-yield bonds from the Asia-Pacific. KHYB was launched on Jun 26, 2018 and is managed by KraneShares.
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