KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Short Interest Up 1,296.5% in June

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 9,999 shares, an increase of 1,296.5% from the May 31st total of 716 shares. Based on an average daily volume of 23,163 shares, the short-interest ratio is presently 0.4 days. Approximately 2.5% of the company’s stock are short sold.

Institutional Trading of KraneShares 2x Long BABA Daily ETF

An institutional investor recently bought a new position in KraneShares 2x Long BABA Daily ETF stock. Jane Street Group LLC bought a new stake in shares of KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,304 shares of the company’s stock, valued at approximately $147,000. Jane Street Group LLC owned approximately 4.12% of KraneShares 2x Long BABA Daily ETF at the end of the most recent reporting period.

KraneShares 2x Long BABA Daily ETF Stock Performance

Shares of KBAB stock traded down $0.56 on Thursday, hitting $5.32. The stock had a trading volume of 32,910 shares, compared to its average volume of 21,360. The stock’s 50 day moving average is $9.64 and its 200-day moving average is $13.25. The firm has a market capitalization of $2.13 million, a price-to-earnings ratio of 14.81 and a beta of 2.92. KraneShares 2x Long BABA Daily ETF has a 52-week low of $5.30 and a 52-week high of $41.12.

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.