KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Short Interest Up 37.2% in January

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totaling 2,181 shares, an increase of 37.2% from the December 31st total of 1,590 shares. Based on an average trading volume of 33,073 shares, the short-interest ratio is currently 0.1 days. Currently, 0.7% of the company’s shares are sold short. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 33,073 shares, the short-interest ratio is currently 0.1 days.

KraneShares 2x Long BABA Daily ETF Stock Performance

Shares of KBAB stock traded down $1.02 during trading hours on Friday, hitting $18.51. 13,328 shares of the company were exchanged, compared to its average volume of 32,761. The firm has a market cap of $4.63 million, a P/E ratio of 14.81 and a beta of 9.86. KraneShares 2x Long BABA Daily ETF has a fifty-two week low of $11.85 and a fifty-two week high of $41.12. The company has a 50 day simple moving average of $20.39 and a two-hundred day simple moving average of $23.64.

KraneShares 2x Long BABA Daily ETF Cuts Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a $0.0495 dividend. The ex-dividend date was Tuesday, December 30th. This represents a dividend yield of 34.0%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP increased its holdings in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,550 shares of the company’s stock after acquiring an additional 17,325 shares during the period. Susquehanna International Group LLP owned about 32.62% of KraneShares 2x Long BABA Daily ETF worth $2,897,000 at the end of the most recent quarter.

About KraneShares 2x Long BABA Daily ETF

KraneShares Trust – KraneShares 2x Long BABA Daily ETF is an exchange traded fund launched and managed by Krane Funds Advisors, LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund uses derivatives such as options and swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. KraneShares Trust – KraneShares 2x Long BABA Daily ETF is domiciled in the United States.