KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB) Shares Shorted: Short Interest Down 85.4% in October

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

KraneShares Asia Pacific High Income Bond ETF Stock Performance

Shares of NYSEARCA:KHYB remained flat at $23.48 during midday trading on Thursday. The business has a 50-day moving average price of $23.85 and a two-hundred day moving average price of $24.17. The company has a market cap of $15.26 million, a P/E ratio of 10.02 and a beta of -0.33. KraneShares Asia Pacific High Income Bond ETF has a 52-week low of $23.47 and a 52-week high of $24.88.

KraneShares Asia Pacific High Income Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a $0.1908 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date was Tuesday, September 29th. This is a negative change from KraneShares Asia Pacific High Income Bond ETF’s previous monthly dividend of $0.1938.

Hedge Funds Weigh In On KraneShares Asia Pacific High Income Bond ETF

An institutional investor recently raised its position in KraneShares Asia Pacific High Income Bond ETF stock. Simplicity Wealth LLC raised its stake in KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,043 shares of the company’s stock after buying an additional 2,682 shares during the quarter. 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.