Short Interest in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Grows By 1,296.5%

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 9,999 shares, an increase of 1,296.5% from the May 31st total of 716 shares. Based on an average trading volume of 23,163 shares, the short-interest ratio is presently 0.4 days. Approximately 2.5% of the company’s shares are short sold.

Institutional Trading of KraneShares 2x Long BABA Daily ETF

An institutional investor recently raised its stake in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP boosted its holdings in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 81,550 shares of the company’s stock after buying an additional 17,325 shares during the period. Susquehanna International Group LLP owned approximately 32.62% of KraneShares 2x Long BABA Daily ETF worth $2,897,000 at the end of the most recent reporting period.

KraneShares 2x Long BABA Daily ETF Trading Down 9.5%

NASDAQ:KBAB traded down $0.56 on Thursday, hitting $5.32. 32,910 shares of the stock were exchanged, compared to its average volume of 21,360. The stock has a fifty day moving average of $9.64 and a 200-day moving average of $13.25. The stock has a market cap of $2.13 million, a PE ratio of 14.81 and a beta of 2.92. KraneShares 2x Long BABA Daily ETF has a fifty-two week low of $5.30 and a fifty-two week high of $41.12.

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.