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

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,600 shares, a decrease of 92.4% from the June 30th total of 34,302 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average trading volume of 38,639 shares, the days-to-cover ratio is presently 0.1 days.

KraneShares 2x Long BABA Daily ETF Price Performance

KraneShares 2x Long BABA Daily ETF stock traded down $0.28 during trading hours on Friday, reaching $7.22. The company had a trading volume of 8,264 shares, compared to its average volume of 22,108. The company has a 50-day moving average price of $7.76 and a 200 day moving average price of $11.39. The firm has a market cap of $3.10 million, a price-to-earnings ratio of 14.81 and a beta of 3.37. KraneShares 2x Long BABA Daily ETF has a 12-month low of $4.95 and a 12-month high of $41.12.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in KraneShares 2x Long BABA Daily ETF stock. Jane Street Group LLC purchased a new stake in shares of KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,304 shares of the company’s stock, valued at approximately $147,000. Jane Street Group LLC owned about 4.12% of KraneShares 2x Long BABA Daily ETF 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.