KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Short Interest Up 156.4% in May

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 197,845 shares, a growth of 156.4% from the April 30th total of 77,160 shares. Based on an average trading volume of 225,672 shares, the days-to-cover ratio is presently 0.9 days. Currently, 8.2% of the shares of the company are sold short.

Institutional Investors Weigh In On KraneShares 2x Long PDD Daily ETF

An institutional investor recently bought a new position in KraneShares 2x Long PDD Daily ETF stock. Susquehanna International Group LLP purchased a new stake in shares of KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 21,846 shares of the company’s stock, valued at approximately $581,000. Susquehanna International Group LLP owned 3.64% of KraneShares 2x Long PDD Daily ETF as of its most recent SEC filing.

KraneShares 2x Long PDD Daily ETF Trading Up 3.1%

KPDD stock traded up $0.17 during midday trading on Friday, reaching $5.73. 606,069 shares of the company’s stock traded hands, compared to its average volume of 196,194. The company has a 50-day moving average price of $8.11 and a two-hundred day moving average price of $11.50. KraneShares 2x Long PDD Daily ETF has a 52 week low of $5.36 and a 52 week high of $29.15.

KraneShares 2x Long PDD Daily ETF Company Profile

There is no description available for this ETF.