KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Short Interest Down 64.8% in May

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) was the recipient of a significant decrease in short interest in May. As of May 15th, there was short interest totaling 100,480 shares, a decrease of 64.8% from the April 30th total of 285,639 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily volume of 103,874 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On KraneShares Bosera MSCI China A 50 Connect Index ETF

Several large investors have recently modified their holdings of the company. Jane Street Group LLC boosted its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 1,604.7% in the first quarter. Jane Street Group LLC now owns 272,207 shares of the company’s stock valued at $6,430,000 after acquiring an additional 256,239 shares during the period. Shell Asset Management Co. boosted its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 29.6% in the third quarter. Shell Asset Management Co. now owns 139,850 shares of the company’s stock valued at $4,205,000 after acquiring an additional 31,950 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 171.5% in the third quarter. Envestnet Asset Management Inc. now owns 95,418 shares of the company’s stock valued at $2,869,000 after acquiring an additional 60,267 shares during the period. Bank of America Corp DE boosted its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 73.9% in the first quarter. Bank of America Corp DE now owns 94,333 shares of the company’s stock valued at $2,855,000 after acquiring an additional 40,102 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 9.2% in the first quarter. Royal Bank of Canada now owns 85,402 shares of the company’s stock valued at $2,584,000 after acquiring an additional 7,160 shares during the period.

KraneShares Bosera MSCI China A 50 Connect Index ETF Price Performance

Shares of KBA stock traded down $0.61 during trading hours on Monday, hitting $33.71. The stock had a trading volume of 60,254 shares, compared to its average volume of 131,465. The firm has a market capitalization of $192.15 million, a PE ratio of 13.75 and a beta of 0.16. KraneShares Bosera MSCI China A 50 Connect Index ETF has a twelve month low of $23.44 and a twelve month high of $35.31. The stock’s 50 day moving average is $32.31 and its 200 day moving average is $31.23.

KraneShares Bosera MSCI China A 50 Connect Index ETF Company Profile

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.