KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Get Free Report) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 2,859 shares, a drop of 14.5% from the February 26th total of 3,345 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 21,628 shares, the short-interest ratio is presently 0.1 days.
KraneShares 2x Long BABA Daily ETF Trading Up 4.0%
KraneShares 2x Long BABA Daily ETF stock traded up $0.37 during midday trading on Tuesday, reaching $9.57. The stock had a trading volume of 11,556 shares, compared to its average volume of 23,033. The company has a fifty day moving average price of $14.25 and a two-hundred day moving average price of $22.18. KraneShares 2x Long BABA Daily ETF has a 12 month low of $9.11 and a 12 month high of $41.12. The company has a market capitalization of $2.39 million, a P/E ratio of 14.81 and a beta of 9.86.
Institutional Investors Weigh In On KraneShares 2x Long BABA Daily ETF
An institutional investor recently bought a new position 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 – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,304 shares of the company’s stock, valued at approximately $147,000. Jane Street Group LLC owned 4.12% of KraneShares 2x Long BABA Daily ETF as of its most recent SEC filing.
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.
See Also
Receive News & Ratings for KraneShares 2x Long BABA Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares 2x Long BABA Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.
