KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB) Trading Down 0.2% – Here’s Why

KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB)’s share price were down 0.2% during mid-day trading on Wednesday . The company traded as low as $24.98 and last traded at $25.00. Approximately 3,548 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 5,415 shares. The stock had previously closed at $25.04.

KraneShares Asia Pacific High Income Bond ETF Price Performance

The business’s 50 day moving average price is $25.06 and its 200-day moving average price is $24.93.

KraneShares Asia Pacific High Income Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 30th were paid a $0.2013 dividend. The ex-dividend date was Wednesday, October 30th.

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

A hedge fund recently raised its stake in KraneShares Asia Pacific High Income Bond ETF stock. LifePro Asset Management increased its holdings in shares of KraneShares Asia Pacific High Income Bond ETF (NYSEARCA:KHYB) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,535 shares of the company’s stock after acquiring an additional 8,779 shares during the quarter. KraneShares Asia Pacific High Income Bond ETF makes up approximately 1.5% of LifePro Asset Management’s holdings, making the stock its 18th biggest holding. LifePro Asset Management owned 20.11% of KraneShares Asia Pacific High Income Bond ETF worth $2,522,000 as of its most recent filing with the Securities & Exchange Commission.

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.