Xtrackers USD High Yield BB-B ex Financials ETF (NYSEARCA:BHYB) Sets New 12-Month Low – Time to Sell?

Shares of Xtrackers USD High Yield BB-B ex Financials ETF (NYSEARCA:BHYB) hit a new 52-week low on Friday . The stock traded as low as $52.14 and last traded at $52.14, with a volume of 13 shares traded. The stock had previously closed at $52.92.

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

The business has a 50-day moving average price of $53.84 and a 200-day moving average price of $54.06.

Xtrackers USD High Yield BB-B ex Financials ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a $0.2851 dividend. The ex-dividend date was Monday, March 3rd.

Hedge Funds Weigh In On Xtrackers USD High Yield BB-B ex Financials ETF

A hedge fund recently raised its stake in Xtrackers USD High Yield BB-B ex Financials ETF stock. American Family Investments Inc. increased its position in shares of Xtrackers USD High Yield BB-B ex Financials ETF (NYSEARCA:BHYB) by 25.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,018,800 shares of the company’s stock after acquiring an additional 3,072,000 shares during the quarter. Xtrackers USD High Yield BB-B ex Financials ETF comprises 38.9% of American Family Investments Inc.’s holdings, making the stock its biggest position. American Family Investments Inc. owned 128.92% of Xtrackers USD High Yield BB-B ex Financials ETF worth $803,021,000 at the end of the most recent reporting period.

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.