Short Interest in KraneShares China Alpha Index ETF (NYSEARCA:KCAI) Rises By 49.8%

KraneShares China Alpha Index ETF (NYSEARCA:KCAIGet Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,074 shares, an increase of 49.8% from the July 15th total of 717 shares. Based on an average daily volume of 1,115 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.1% of the company’s stock are short sold.

KraneShares China Alpha Index ETF Stock Down 0.2%

Shares of KraneShares China Alpha Index ETF stock traded down $0.06 during midday trading on Tuesday, hitting $32.82. The company’s stock had a trading volume of 419 shares, compared to its average volume of 3,042. The firm has a market capitalization of $3.28 million, a P/E ratio of 10.14 and a beta of 0.26. The stock has a 50-day simple moving average of $32.22 and a 200-day simple moving average of $32.00. KraneShares China Alpha Index ETF has a 1-year low of $30.00 and a 1-year high of $40.84.

Institutional Investors Weigh In On KraneShares China Alpha Index ETF

An institutional investor recently raised its stake in KraneShares China Alpha Index ETF stock. Jane Street Group LLC raised its holdings in shares of KraneShares China Alpha Index ETF (NYSEARCA:KCAIFree Report) by 35.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,367 shares of the company’s stock after acquiring an additional 6,949 shares during the quarter. Jane Street Group LLC owned approximately 7.53% of KraneShares China Alpha Index ETF worth $715,000 at the end of the most recent quarter.

About KraneShares China Alpha Index ETF

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The KraneShares China Alpha Index ETF (KCAI) is an exchange-traded fund that is based on the Qi China Alpha index. The fund tracks an index that seeks to outperform the CSI 300 Index by employing a systematic machine learning approach in selection and weighting of China A-shares. KCAI was launched on Aug 28, 2024 and is issued by KraneShares.

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