KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Sees Large Growth in Short Interest

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 2,341,737 shares, a growth of 1,083.6% from the May 14th total of 197,845 shares. Based on an average trading volume of 850,629 shares, the days-to-cover ratio is presently 2.8 days. Currently, 97.6% of the company’s stock are short sold.

KraneShares 2x Long PDD Daily ETF Trading Down 1.8%

KraneShares 2x Long PDD Daily ETF stock traded down $0.10 during mid-day trading on Tuesday, hitting $5.35. The company had a trading volume of 331,550 shares, compared to its average volume of 215,689. The stock’s 50 day moving average price is $7.75 and its two-hundred day moving average price is $10.56. KraneShares 2x Long PDD Daily ETF has a 12 month low of $5.33 and a 12 month high of $29.15.

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 third quarter, according to its most recent disclosure 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 approximately 3.64% of KraneShares 2x Long PDD Daily ETF at the end of the most recent reporting period.

KraneShares 2x Long PDD Daily ETF Company Profile

There is no description available for this ETF.