KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Short Interest Up 54.8% in August

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBABGet Free Report) was the target of a significant growth in short interest in August. As of August 14th, there was short interest totaling 943 shares, a growth of 54.8% from the July 30th total of 609 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 11,153 shares, the days-to-cover ratio is presently 0.1 days.

KraneShares 2x Long BABA Daily ETF Stock Performance

Shares of KraneShares 2x Long BABA Daily ETF stock traded down $0.01 during trading on Wednesday, reaching $7.06. 7,977 shares of the company’s stock were exchanged, compared to its average volume of 20,738. KraneShares 2x Long BABA Daily ETF has a 1-year low of $4.95 and a 1-year high of $41.12. The company has a market cap of $3.04 million, a P/E ratio of 14.81 and a beta of 2.60. The firm’s 50-day moving average price is $7.66 and its 200 day moving average price is $9.61.

Institutional Trading of KraneShares 2x Long BABA Daily ETF

An institutional investor recently raised its stake in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP grew its position in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBABFree Report) by 27.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,550 shares of the company’s stock after purchasing an additional 17,325 shares during the quarter. Susquehanna International Group LLP owned approximately 32.62% of KraneShares 2x Long BABA Daily ETF worth $2,897,000 as of its most recent filing with the SEC.

About KraneShares 2x Long BABA Daily ETF

(Get Free Report)

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.

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