KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Shares Shorted: Short Interest Down 53.1% in September

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 73,786 shares, a drop of 53.1% from the August 31st total of 157,357 shares. Based on an average daily volume of 61,450 shares, the short-interest ratio is currently 1.2 days. Approximately 1.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On KraneShares Bosera MSCI China A 50 Connect Index ETF

Several hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new stake in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF in the first quarter valued at about $132,000. Royal Bank of Canada raised its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 9.2% during the 1st quarter. Royal Bank of Canada now owns 85,402 shares of the company’s stock worth $2,584,000 after purchasing an additional 7,160 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in KraneShares Bosera MSCI China A 50 Connect Index ETF by 9.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 96,617 shares of the company’s stock valued at $3,325,000 after buying an additional 8,577 shares in the last quarter. Corient Private Wealth LP acquired a new stake in KraneShares Bosera MSCI China A 50 Connect Index ETF during the 2nd quarter valued at $296,000. Finally, Citadel Advisors LLC purchased a new stake in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF in the second quarter valued at $680,000.

KraneShares Bosera MSCI China A 50 Connect Index ETF Price Performance

KBA traded up $0.04 during trading on Wednesday, reaching $30.94. 43,321 shares of the stock were exchanged, compared to its average volume of 88,300. The business’s 50 day moving average price is $32.89 and its two-hundred day moving average price is $32.82. The company has a market capitalization of $128.40 million, a price-to-earnings ratio of 13.75 and a beta of 0.18. KraneShares Bosera MSCI China A 50 Connect Index ETF has a 1 year low of $28.43 and a 1 year high of $35.46.

About KraneShares Bosera MSCI China A 50 Connect Index ETF

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.