Xtrackers USD High Yield BB-B ex Financials ETF (NYSEARCA:BHYB) Sees Strong Trading Volume – Time to Buy?

Xtrackers USD High Yield BB-B ex Financials ETF (NYSEARCA:BHYB) shares saw unusually-high trading volume on Wednesday . Approximately 2,190,443 shares traded hands during trading, an increase of 551% from the previous session’s volume of 336,366 shares.The stock last traded at $54.69 and had previously closed at $54.72.

Xtrackers USD High Yield BB-B ex Financials ETF Price Performance

The firm’s 50 day moving average price is $54.64 and its 200-day moving average price is $54.57.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Xtrackers USD High Yield BB-B ex Financials ETF stock. American Family Investments Inc. lifted its stake in Xtrackers USD High Yield BB-B ex Financials ETF (NYSEARCA:BHYB) by 37.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,627,800 shares of the company’s stock after buying an additional 7,792,000 shares during the period. Xtrackers USD High Yield BB-B ex Financials ETF comprises 56.2% of American Family Investments Inc.’s portfolio, making the stock its biggest holding. American Family Investments Inc. owned approximately 79.74% of Xtrackers USD High Yield BB-B ex Financials ETF worth $1,560,138,000 as of its most recent filing with the SEC.

Xtrackers USD High Yield BB-B ex Financials ETF Company Profile

The Xtrackers USD High Yield BB-B ex Financials ETF (BHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index that specifically invests in USD-denominated corporate bonds with a credit rating of Ba1/BB+ through B3/B-. The fund places little restrictions on duration or maturity. BHYB was launched on Oct 27, 2023 and is issued by Xtrackers.