KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Sees Large Growth in Short Interest

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 171,826 shares, a growth of 71.0% from the May 14th total of 100,480 shares. Based on an average daily volume of 123,953 shares, the days-to-cover ratio is currently 1.4 days. Currently, 3.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC grew its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 1,604.7% during the first quarter. Jane Street Group LLC now owns 272,207 shares of the company’s stock worth $6,430,000 after purchasing an additional 256,239 shares in the last quarter. Shell Asset Management Co. grew its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 29.6% during the third quarter. Shell Asset Management Co. now owns 139,850 shares of the company’s stock worth $4,205,000 after purchasing an additional 31,950 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 171.5% during the third quarter. Envestnet Asset Management Inc. now owns 95,418 shares of the company’s stock worth $2,869,000 after purchasing an additional 60,267 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 73.9% during the first quarter. Bank of America Corp DE now owns 94,333 shares of the company’s stock worth $2,855,000 after purchasing an additional 40,102 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 9.2% during the first quarter. Royal Bank of Canada now owns 85,402 shares of the company’s stock worth $2,584,000 after purchasing an additional 7,160 shares in the last quarter.

KraneShares Bosera MSCI China A 50 Connect Index ETF Trading Down 1.2%

Shares of NYSEARCA KBA traded down $0.41 during midday trading on Tuesday, hitting $34.24. 34,542 shares of the company’s stock were exchanged, compared to its average volume of 124,527. KraneShares Bosera MSCI China A 50 Connect Index ETF has a 12-month low of $23.71 and a 12-month high of $35.31. The company has a market cap of $195.17 million, a price-to-earnings ratio of 13.75 and a beta of 0.16. The business’s fifty day moving average price is $33.26 and its two-hundred day moving average price is $31.56.

KraneShares Bosera MSCI China A 50 Connect Index ETF Company Profile

The KraneShares Bosera MSCI China A 50 Connect Index ETF (KBA) is an exchange-traded fund that is based on the MSCI China A 50 Connect index. The fund tracks a subset of market cap-weighted large- and mid-cap Chinese equities listed in Shanghai and Shenzhen. KBA was launched on Mar 5, 2014 and is managed by KraneShares.