KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB) Shares Shorted: Short Interest Up 140.4% in September

KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 7,323 shares, an increase of 140.4% from the September 15th total of 3,046 shares. Based on an average daily volume of 2,260 shares, the short-interest ratio is presently 3.2 days. Approximately 1.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in KraneShares Asia Pacific High Income Bond ETF stock. Ascentis Independent Advisors bought a new position in KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,887 shares of the company’s stock, valued at approximately $187,000. Ascentis Independent Advisors owned 1.13% of KraneShares Asia Pacific High Income Bond ETF at the end of the most recent reporting period.

KraneShares Asia Pacific High Income Bond ETF Stock Down 0.5%

Shares of NYSEARCA:KHYB traded down $0.11 during trading on Wednesday, reaching $23.58. The stock had a trading volume of 3,049 shares, compared to its average volume of 3,166. KraneShares Asia Pacific High Income Bond ETF has a 52 week low of $23.51 and a 52 week high of $24.88. The firm has a market capitalization of $15.33 million, a price-to-earnings ratio of 10.02 and a beta of 0.18. The stock has a fifty day simple moving average of $23.98 and a two-hundred day simple moving average of $24.07.

KraneShares Asia Pacific High Income Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were issued a dividend of $0.1908 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $2.29 annualized dividend and a dividend yield of 9.7%. This is a decrease 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.