KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Sees Large Decline in Short Interest

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 541 shares, a drop of 75.1% from the April 15th total of 2,176 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 14,156 shares, the days-to-cover ratio is presently 0.0 days.

KraneShares 2x Long BABA Daily ETF Stock Performance

Shares of KraneShares 2x Long BABA Daily ETF stock traded up $1.75 during trading on Wednesday, hitting $12.70. The company’s stock had a trading volume of 82,962 shares, compared to its average volume of 21,328. The company has a fifty day simple moving average of $10.67 and a two-hundred day simple moving average of $17.58. The company has a market capitalization of $5.08 million, a PE ratio of 14.81 and a beta of 3.28. KraneShares 2x Long BABA Daily ETF has a 52 week low of $8.57 and a 52 week high of $41.12.

Institutional Trading of KraneShares 2x Long BABA Daily ETF

A hedge fund recently raised its stake in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP grew its stake in shares of KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,550 shares of the company’s stock after acquiring an additional 17,325 shares during the quarter. Susquehanna International Group LLP owned about 32.62% of KraneShares 2x Long BABA Daily ETF worth $2,897,000 as of its most recent SEC filing.

About KraneShares 2x Long BABA Daily ETF

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.