Short Interest in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Expands By 365.2%

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) saw a significant increase in short interest in February. As of February 27th, there was short interest totaling 3,345 shares, an increase of 365.2% from the February 12th total of 719 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily volume of 11,182 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 11,182 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On KraneShares 2x Long BABA Daily ETF

A hedge fund recently bought a new stake in KraneShares 2x Long BABA Daily ETF stock. Jane Street Group LLC bought a new position in shares of KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,304 shares of the company’s stock, valued at approximately $147,000. Jane Street Group LLC owned about 4.12% of KraneShares 2x Long BABA Daily ETF at the end of the most recent quarter.

KraneShares 2x Long BABA Daily ETF Price Performance

KraneShares 2x Long BABA Daily ETF stock traded up $0.67 during trading hours on Tuesday, hitting $11.75. The stock had a trading volume of 73,504 shares, compared to its average volume of 24,463. KraneShares 2x Long BABA Daily ETF has a 1-year low of $10.40 and a 1-year high of $41.12. The stock has a market capitalization of $2.94 million, a price-to-earnings ratio of 14.81 and a beta of 9.86. The stock’s fifty day moving average is $15.92 and its two-hundred day moving average is $23.22.

KraneShares 2x Long BABA Daily ETF Cuts Dividend

The firm also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a $0.0495 dividend. This represents a yield of 34.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

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.