KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB) Sees Significant Drop in Short Interest

KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,067 shares, a drop of 85.4% from the September 30th total of 7,323 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 2,951 shares, the short-interest ratio is currently 0.4 days.

KraneShares Asia Pacific High Income Bond ETF Trading Down 0.1%

Shares of NYSEARCA KHYB traded down $0.01 during trading hours on Tuesday, hitting $23.46. 9,915 shares of the company traded hands, compared to its average volume of 3,271. The stock has a market capitalization of $15.25 million, a price-to-earnings ratio of 10.02 and a beta of 0.18. The company’s 50 day moving average price is $23.88 and its 200 day moving average price is $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 company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.1908 per share. This represents a $2.29 dividend on an annualized basis and a yield of 9.8%. This is a negative change from KraneShares Asia Pacific High Income Bond ETF’s previous monthly dividend of $0.1938. The ex-dividend date was Tuesday, September 29th.

Institutional Investors Weigh In On KraneShares Asia Pacific High Income Bond ETF

An institutional investor recently raised its stake in KraneShares Asia Pacific High Income Bond ETF stock. Simplicity Wealth LLC increased its position in shares of KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,043 shares of the company’s stock after purchasing an additional 2,682 shares during the period. Simplicity Wealth LLC owned approximately 10.93% of KraneShares Asia Pacific High Income Bond ETF worth $1,677,000 at the end of the most recent quarter.

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.