KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Sees Significant Growth in Short Interest

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 13,550 shares, an increase of 183.9% from the September 30th total of 4,773 shares. Based on an average daily volume of 21,961 shares, the short-interest ratio is presently 0.6 days. Approximately 3.0% of the shares of the company are short sold.

KraneShares 2x Long BABA Daily ETF Stock Performance

KBAB stock remained flat at $6.45 on Friday. The company has a market cap of $2.90 million, a price-to-earnings ratio of 14.81 and a beta of -5.76. The firm has a 50 day moving average of $6.84 and a 200 day moving average of $9.94. KraneShares 2x Long BABA Daily ETF has a fifty-two week low of $4.95 and a fifty-two week high of $35.52.

KraneShares 2x Long BABA Daily ETF Company Profile

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.