KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Short Interest Down 76.6% in July

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 609 shares, a drop of 76.6% from the July 15th total of 2,600 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 11,001 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On KraneShares 2x Long BABA Daily ETF

A hedge fund recently bought a new position in KraneShares 2x Long BABA Daily ETF stock. Jane Street Group LLC purchased a new position in shares of KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,304 shares of the company’s stock, valued at approximately $147,000. Jane Street Group LLC owned approximately 4.12% of KraneShares 2x Long BABA Daily ETF at the end of the most recent quarter.

KraneShares 2x Long BABA Daily ETF Stock Performance

KBAB traded down $0.47 during trading on Thursday, reaching $8.43. The company had a trading volume of 6,001 shares, compared to its average volume of 21,028. The firm’s 50-day simple moving average is $7.47 and its 200 day simple moving average is $10.57. KraneShares 2x Long BABA Daily ETF has a 12-month low of $4.95 and a 12-month high of $41.12. The company has a market cap of $3.62 million, a price-to-earnings ratio of 14.81 and a beta of 2.65.

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.