KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Get Free Report) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 34,302 shares, a growth of 243.1% from the June 15th total of 9,999 shares. Approximately 8.0% of the shares of the stock are sold short. Based on an average daily volume of 18,893 shares, the days-to-cover ratio is presently 1.8 days.
KraneShares 2x Long BABA Daily ETF Price Performance
KBAB remained flat at $7.32 during trading on Tuesday. The company’s stock had a trading volume of 83,991 shares, compared to its average volume of 22,354. KraneShares 2x Long BABA Daily ETF has a one year low of $4.95 and a one year high of $41.12. The business’s fifty day moving average price is $8.43 and its two-hundred day moving average price is $11.81. The company has a market cap of $3.15 million, a price-to-earnings ratio of 14.81 and a beta of 3.37.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in KraneShares 2x Long BABA Daily ETF stock. Jane Street Group LLC purchased a new position in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.
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.
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