Short Interest in KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Drops By 45.9%

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 88,438 shares, a decrease of 45.9% from the January 15th total of 163,383 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 478,305 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 478,305 shares, the days-to-cover ratio is currently 0.2 days. Approximately 1.3% of the shares of the stock are short sold.

KraneShares Bosera MSCI China A 50 Connect Index ETF Stock Performance

Shares of NYSEARCA:KBA traded down $0.11 during midday trading on Friday, reaching $30.43. 103,279 shares of the company’s stock traded hands, compared to its average volume of 231,983. The company has a fifty day simple moving average of $30.93 and a two-hundred day simple moving average of $29.71. KraneShares Bosera MSCI China A 50 Connect Index ETF has a 1 year low of $20.70 and a 1 year high of $31.94. The company has a market cap of $209.97 million, a P/E ratio of 13.75 and a beta of 0.10.

KraneShares Bosera MSCI China A 50 Connect Index ETF Announces Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were given a $0.4832 dividend. The ex-dividend date was Monday, December 22nd. This represents a dividend yield of 158.0%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC lifted its stake in KraneShares Bosera MSCI China A 50 Connect Index ETF by 1,604.7% in the 1st quarter. Jane Street Group LLC now owns 272,207 shares of the company’s stock valued at $6,430,000 after buying an additional 256,239 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 48.8% during the second quarter. Envestnet Asset Management Inc. now owns 35,151 shares of the company’s stock valued at $853,000 after acquiring an additional 11,527 shares during the last quarter. Laurel Wealth Advisors LLC lifted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 2,328.0% in the second quarter. Laurel Wealth Advisors LLC now owns 9,712 shares of the company’s stock valued at $236,000 after acquiring an additional 9,312 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 58.4% in the second quarter. MML Investors Services LLC now owns 36,307 shares of the company’s stock worth $882,000 after acquiring an additional 13,379 shares during the last quarter. Finally, Corient Private Wealth LLC acquired a new stake in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF in the second quarter worth approximately $268,000.

KraneShares Bosera MSCI China A 50 Connect Index ETF Company Profile

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.