Short Interest in KraneShares China Alpha Index ETF (NYSEARCA:KCAI) Drops By 44.8%

KraneShares China Alpha Index ETF (NYSEARCA:KCAI) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 600 shares, a decrease of 44.8% from the August 15th total of 1,087 shares. Based on an average trading volume of 571 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.6% of the shares of the stock are sold short.

KraneShares China Alpha Index ETF Stock Up 0.0%

NYSEARCA KCAI traded up $0.01 on Wednesday, reaching $33.07. The company had a trading volume of 201 shares, compared to its average volume of 2,755. The stock has a market capitalization of $33.04 million, a PE ratio of 10.14 and a beta of 0.26. The firm’s 50 day moving average price is $32.64 and its 200 day moving average price is $32.35. KraneShares China Alpha Index ETF has a 12 month low of $30.00 and a 12 month high of $40.84.

KraneShares China Alpha Index ETF Company Profile

The KraneShares China Alpha Index ETF (KCAI) is an exchange-traded fund that is based on the Qi China Alpha index. The fund tracks an index that seeks to outperform the CSI 300 Index by employing a systematic machine learning approach in selection and weighting of China A-shares. KCAI was launched on Aug 28, 2024 and is issued by KraneShares.