KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Sees Significant Growth in Short Interest

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 13,284 shares, a growth of 1,308.7% from the August 15th total of 943 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average trading volume of 21,110 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in KraneShares 2x Long BABA Daily ETF stock. Jane Street Group LLC bought a new stake in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

KraneShares 2x Long BABA Daily ETF Stock Performance

Shares of NASDAQ KBAB traded down $0.11 during trading on Thursday, reaching $6.54. The company had a trading volume of 14,558 shares, compared to its average volume of 20,872. KraneShares 2x Long BABA Daily ETF has a 52 week low of $4.95 and a 52 week high of $41.12. The business’s 50 day moving average price is $7.86 and its 200-day moving average price is $9.20. The stock has a market cap of $2.81 million, a PE ratio of 14.81 and a beta of 2.59.

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.