KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Sees Significant Growth in Short Interest

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 316,342 shares, an increase of 135.5% from the June 30th total of 134,326 shares. Approximately 9.8% of the shares of the stock are short sold. Based on an average daily volume of 180,490 shares, the short-interest ratio is presently 1.8 days.

Hedge Funds Weigh In On KraneShares 2x Long PDD Daily ETF

An institutional investor recently bought a new position in KraneShares 2x Long PDD Daily ETF stock. Susquehanna International Group LLP bought a new stake in KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,846 shares of the company’s stock, valued at approximately $581,000. Susquehanna International Group LLP owned approximately 3.64% of KraneShares 2x Long PDD Daily ETF as of its most recent SEC filing.

KraneShares 2x Long PDD Daily ETF Stock Performance

KPDD stock opened at $5.64 on Tuesday. KraneShares 2x Long PDD Daily ETF has a 1 year low of $4.10 and a 1 year high of $29.15. The business has a 50 day simple moving average of $5.66 and a 200-day simple moving average of $7.88.

About KraneShares 2x Long PDD Daily ETF

There is no description available for this ETF.