KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Short Interest Up 37.2% in January

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 2,181 shares, a growth of 37.2% from the December 31st total of 1,590 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 33,073 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 33,073 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.7% of the shares of the company are sold short.

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

A hedge fund recently raised its stake in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP boosted its position in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,550 shares of the company’s stock after buying an additional 17,325 shares during the quarter. 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 Securities and Exchange Commission (SEC).

KraneShares 2x Long BABA Daily ETF Price Performance

Shares of NASDAQ KBAB traded down $1.02 during mid-day trading on Friday, reaching $18.51. 13,328 shares of the company’s stock were exchanged, compared to its average volume of 32,761. KraneShares 2x Long BABA Daily ETF has a 52 week low of $11.85 and a 52 week high of $41.12. The firm has a 50-day moving average price of $20.39 and a two-hundred day moving average price of $23.64. The firm has a market capitalization of $4.63 million, a price-to-earnings ratio of 14.81 and a beta of 9.86.

KraneShares 2x Long BABA Daily ETF Cuts Dividend

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

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.