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

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,800 shares, a drop of 71.4% from the August 31st total of 13,284 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 15,393 shares, the days-to-cover ratio is currently 0.2 days.

KraneShares 2x Long BABA Daily ETF Trading Down 0.3%

KBAB traded down $0.02 during trading on Monday, reaching $6.58. 13,506 shares of the company’s stock were exchanged, compared to its average volume of 21,126. KraneShares 2x Long BABA Daily ETF has a one year low of $4.95 and a one year high of $41.12. The stock has a market capitalization of $2.63 million, a PE ratio of 14.81 and a beta of 2.59. The firm has a fifty day moving average price of $7.83 and a two-hundred day moving average price of $8.74.

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.