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

KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 5,238 shares, an increase of 135.6% from the November 30th total of 2,223 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,647 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 4,647 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.5% of the shares of the stock are sold short.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new stake in KraneShares Asia Pacific High Income Bond ETF during the 2nd quarter valued at approximately $30,000. Stance Capital LLC acquired a new position in shares of KraneShares Asia Pacific High Income Bond ETF in the 3rd quarter worth approximately $72,000. Colonial Trust Advisors bought a new stake in shares of KraneShares Asia Pacific High Income Bond ETF in the 3rd quarter valued at $73,000. Koshinski Asset Management Inc. acquired a new stake in shares of KraneShares Asia Pacific High Income Bond ETF during the third quarter worth $203,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of KraneShares Asia Pacific High Income Bond ETF during the first quarter worth $530,000.

KraneShares Asia Pacific High Income Bond ETF Stock Performance

Shares of KHYB traded down $0.01 during trading hours on Friday, reaching $24.50. The stock had a trading volume of 8,441 shares, compared to its average volume of 4,146. KraneShares Asia Pacific High Income Bond ETF has a 12 month low of $22.92 and a 12 month high of $24.70. The stock has a market capitalization of $24.50 million, a PE ratio of 10.02 and a beta of 0.16. The company’s 50-day moving average is $24.43 and its two-hundred day moving average is $24.31.

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.