KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Short Interest Update

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 171,826 shares, a growth of 71.0% from the May 14th total of 100,480 shares. Based on an average daily volume of 123,953 shares, the short-interest ratio is presently 1.4 days. Currently, 3.0% of the company’s stock are sold short.

KraneShares Bosera MSCI China A 50 Connect Index ETF Stock Performance

Shares of KBA stock traded up $0.78 during trading hours on Monday, hitting $34.65. 65,178 shares of the company were exchanged, compared to its average volume of 125,324. KraneShares Bosera MSCI China A 50 Connect Index ETF has a one year low of $23.71 and a one year high of $35.31. The business’s 50-day simple moving average is $33.09 and its two-hundred day simple moving average is $31.50. The stock has a market capitalization of $197.51 million, a price-to-earnings ratio of 13.75 and a beta of 0.16.

Hedge Funds Weigh In On KraneShares Bosera MSCI China A 50 Connect Index ETF

Several large investors have recently modified their holdings of KBA. Jane Street Group LLC lifted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 1,604.7% during the first quarter. Jane Street Group LLC now owns 272,207 shares of the company’s stock worth $6,430,000 after purchasing an additional 256,239 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 171.5% during the third quarter. Envestnet Asset Management Inc. now owns 95,418 shares of the company’s stock worth $2,869,000 after purchasing an additional 60,267 shares during the last quarter. Spectrum Strategic Capital Management LLC bought a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF during the fourth quarter worth about $1,658,000. Bank of America Corp DE lifted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 73.9% during the first quarter. Bank of America Corp DE now owns 94,333 shares of the company’s stock worth $2,855,000 after purchasing an additional 40,102 shares during the last quarter. Finally, HRT Financial LP bought a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF during the fourth quarter worth about $1,085,000.

About KraneShares Bosera MSCI China A 50 Connect Index ETF

The KraneShares Bosera MSCI China A 50 Connect Index ETF (KBA) is an exchange-traded fund that is based on the MSCI China A 50 Connect index. The fund tracks a subset of market cap-weighted large- and mid-cap Chinese equities listed in Shanghai and Shenzhen. KBA was launched on Mar 5, 2014 and is managed by KraneShares.