KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Short Interest Update

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 100,480 shares, a decline of 64.8% from the April 30th total of 285,639 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 103,874 shares, the short-interest ratio is currently 1.0 days.

KraneShares Bosera MSCI China A 50 Connect Index ETF Stock Performance

Shares of KBA stock traded down $0.05 during trading on Friday, hitting $34.32. 36,009 shares of the company were exchanged, compared to its average volume of 132,163. The firm has a market capitalization of $195.62 million, a price-to-earnings ratio of 13.75 and a beta of 0.16. The business’s 50-day simple moving average is $32.31 and its 200 day simple moving average is $31.23. KraneShares Bosera MSCI China A 50 Connect Index ETF has a twelve month low of $23.44 and a twelve month high of $35.31.

Institutional Investors Weigh In On KraneShares Bosera MSCI China A 50 Connect Index ETF

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC grew its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 1,604.7% during the 1st quarter. Jane Street Group LLC now owns 272,207 shares of the company’s stock valued at $6,430,000 after acquiring an additional 256,239 shares in the last quarter. Shell Asset Management Co. boosted its position in KraneShares Bosera MSCI China A 50 Connect Index ETF by 29.6% during the third quarter. Shell Asset Management Co. now owns 139,850 shares of the company’s stock valued at $4,205,000 after purchasing an additional 31,950 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in KraneShares Bosera MSCI China A 50 Connect Index ETF by 171.5% during the third quarter. Envestnet Asset Management Inc. now owns 95,418 shares of the company’s stock valued at $2,869,000 after purchasing an additional 60,267 shares during the last quarter. Bank of America Corp DE grew its stake in KraneShares Bosera MSCI China A 50 Connect Index ETF by 73.9% in the first quarter. Bank of America Corp DE now owns 94,333 shares of the company’s stock valued at $2,855,000 after purchasing an additional 40,102 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in KraneShares Bosera MSCI China A 50 Connect Index ETF by 9.2% in the first quarter. Royal Bank of Canada now owns 85,402 shares of the company’s stock valued at $2,584,000 after purchasing an additional 7,160 shares in the last quarter.

KraneShares Bosera MSCI China A 50 Connect Index ETF Company Profile

The KraneShares Bosera MSCI China A 50 Connect Index ETF (KBA) is an exchange-traded fund that is based on the MSCI China A 50 Connect index. The fund tracks a subset of market cap-weighted large- and mid-cap Chinese equities listed in Shanghai and Shenzhen. KBA was launched on Mar 5, 2014 and is managed by KraneShares.