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

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the recipient of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 2,176 shares, a decrease of 80.9% from the March 31st total of 11,403 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 11,485 shares, the short-interest ratio is presently 0.2 days.

KraneShares 2x Long BABA Daily ETF Price Performance

Shares of NASDAQ KBAB traded up $0.66 during mid-day trading on Friday, reaching $11.18. The company’s stock had a trading volume of 8,502 shares, compared to its average volume of 21,431. The firm has a market capitalization of $4.47 million, a PE ratio of 14.81 and a beta of -4.84. The stock has a fifty day moving average of $11.42 and a two-hundred day moving average of $19.31. KraneShares 2x Long BABA Daily ETF has a 52 week low of $8.57 and a 52 week high of $41.12.

Hedge Funds Weigh In On KraneShares 2x Long BABA Daily ETF

An institutional investor recently raised its position in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP increased its position in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,550 shares of the company’s stock after buying an additional 17,325 shares during the period. Susquehanna International Group LLP owned 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.