KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Short Interest Update

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 3,800 shares, a decline of 71.4% from the August 31st total of 13,284 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 15,393 shares, the days-to-cover ratio is currently 0.2 days.

KraneShares 2x Long BABA Daily ETF Price Performance

NASDAQ KBAB traded down $0.10 on Friday, reaching $6.63. The stock had a trading volume of 11,015 shares, compared to its average volume of 21,167. The company has a market cap of $2.65 million, a P/E ratio of 14.81 and a beta of 2.59. The firm has a fifty day moving average of $7.83 and a two-hundred day moving average of $8.76. KraneShares 2x Long BABA Daily ETF has a 1-year low of $4.95 and a 1-year 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.