KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Short Interest Up 37.2% in January

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 2,181 shares, an increase of 37.2% from the December 31st total of 1,590 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 33,073 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 33,073 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.7% of the company’s stock are short sold.

KraneShares 2x Long BABA Daily ETF Stock Performance

Shares of NASDAQ KBAB opened at $18.21 on Tuesday. The stock’s 50-day simple moving average is $20.21 and its 200-day simple moving average is $23.70. The firm has a market capitalization of $4.55 million, a PE ratio of 14.81 and a beta of 9.86. KraneShares 2x Long BABA Daily ETF has a fifty-two week low of $11.85 and a fifty-two week high of $41.12.

KraneShares 2x Long BABA Daily ETF Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.0495 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 34.0%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP increased its stake in shares of KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

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.