Xtrackers USD High Yield BB-B ex Financials ETF (BATS:BHYB) Stock Price Down 0.2% – Here’s Why

Shares of Xtrackers USD High Yield BB-B ex Financials ETF (BATS:BHYB) dropped 0.2% on Wednesday . The company traded as low as $54.10 and last traded at $54.10. Approximately 297 shares traded hands during mid-day trading, a decline of 100% from the average daily volume of 311,872 shares. The stock had previously closed at $54.23.

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

The stock’s 50 day moving average is $54.62 and its 200-day moving average is $54.60.

Institutional Trading of Xtrackers USD High Yield BB-B ex Financials ETF

An institutional investor recently raised its position in Xtrackers USD High Yield BB-B ex Financials ETF stock. American Family Investments Inc. lifted its holdings in Xtrackers USD High Yield BB-B ex Financials ETF (BATS:BHYB) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,518,800 shares of the company’s stock after acquiring an additional 340,000 shares during the period. Xtrackers USD High Yield BB-B ex Financials ETF accounts for approximately 46.2% of American Family Investments Inc.’s holdings, making the stock its biggest holding. American Family Investments Inc. owned 97.30% of Xtrackers USD High Yield BB-B ex Financials ETF worth $845,387,000 as of its most recent SEC filing.

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.