KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 541 shares, a decrease of 75.1% from the April 15th total of 2,176 shares. Based on an average trading volume of 14,156 shares, the short-interest ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are sold short.
Institutional Trading of KraneShares 2x Long BABA Daily ETF
An institutional investor recently raised its position in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP grew its holdings in shares of KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Free Report) by 27.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 81,550 shares of the company’s stock after buying an additional 17,325 shares during the period. Susquehanna International Group LLP owned approximately 32.62% of KraneShares 2x Long BABA Daily ETF worth $2,897,000 as of its most recent filing with the SEC.
KraneShares 2x Long BABA Daily ETF Trading Down 12.1%
KBAB stock traded down $1.44 during trading on Friday, hitting $10.42. The company had a trading volume of 27,592 shares, compared to its average volume of 21,489. The business has a 50-day moving average of $10.67 and a 200-day moving average of $17.43. KraneShares 2x Long BABA Daily ETF has a one year low of $8.57 and a one year high of $41.12. The stock has a market cap of $4.17 million, a PE ratio of 14.81 and a beta of 3.28.
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.
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