KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Short Interest Update

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 100,480 shares, a decline of 64.8% from the April 30th total of 285,639 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 103,874 shares, the days-to-cover ratio is presently 1.0 days.

KraneShares Bosera MSCI China A 50 Connect Index ETF Price Performance

NYSEARCA:KBA traded down $0.05 during mid-day trading on Friday, reaching $34.32. The stock had a trading volume of 36,009 shares, compared to its average volume of 132,163. The stock has a market cap of $195.62 million, a P/E ratio of 13.75 and a beta of 0.16. The business’s 50 day moving average is $32.31 and its 200 day moving average is $31.23. KraneShares Bosera MSCI China A 50 Connect Index ETF has a fifty-two week low of $23.44 and a fifty-two week high of $35.31.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Jane Street Group LLC raised its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 1,604.7% during the 1st quarter. Jane Street Group LLC now owns 272,207 shares of the company’s stock valued at $6,430,000 after purchasing an additional 256,239 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in KraneShares Bosera MSCI China A 50 Connect Index ETF by 171.5% in 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. Spectrum Strategic Capital Management LLC acquired a new position in KraneShares Bosera MSCI China A 50 Connect Index ETF during the fourth quarter worth $1,658,000. Bank of America Corp DE increased its position in 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 buying an additional 40,102 shares during the last quarter. Finally, HRT Financial LP bought a new position in KraneShares Bosera MSCI China A 50 Connect Index ETF during the fourth quarter valued at about $1,085,000.

About KraneShares Bosera MSCI China A 50 Connect Index ETF

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.