KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Get Free Report) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 2,600 shares, a decline of 92.4% from the June 30th total of 34,302 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 38,639 shares, the short-interest ratio is currently 0.1 days.
Hedge Funds Weigh In On KraneShares 2x Long BABA Daily ETF
A hedge fund recently raised its position in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP boosted its holdings in 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 Securities & Exchange Commission. The fund owned 81,550 shares of the company’s stock after acquiring an additional 17,325 shares during the quarter. Susquehanna International Group LLP owned 32.62% of KraneShares 2x Long BABA Daily ETF worth $2,897,000 at the end of the most recent reporting period.
KraneShares 2x Long BABA Daily ETF Trading Down 3.7%
Shares of KraneShares 2x Long BABA Daily ETF stock traded down $0.28 during trading on Friday, hitting $7.22. The stock had a trading volume of 8,264 shares, compared to its average volume of 22,108. The firm has a market cap of $3.10 million, a price-to-earnings ratio of 14.81 and a beta of 3.37. KraneShares 2x Long BABA Daily ETF has a 12 month low of $4.95 and a 12 month high of $41.12. The business’s 50-day moving average is $7.76 and its 200 day moving average is $11.39.
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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