KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Short Interest Update

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

KraneShares 2x Long BABA Daily ETF Stock Down 1.7%

KBAB stock traded down $0.11 during midday trading on Thursday, reaching $6.54. The stock had a trading volume of 14,558 shares, compared to its average volume of 20,872. The firm has a market cap of $2.81 million, a price-to-earnings ratio of 14.81 and a beta of 2.59. KraneShares 2x Long BABA Daily ETF has a twelve month low of $4.95 and a twelve month high of $41.12. The business has a fifty day simple moving average of $7.86 and a two-hundred day simple moving average of $9.20.

Institutional Investors 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 increased its holdings in shares of KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% in the third quarter, according to the company in its most recent Form 13F filing 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 period. 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 quarter.

About KraneShares 2x Long BABA Daily ETF

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.