KraneShares China Alpha Index ETF (NYSEARCA:KCAI) Short Interest Up 49.8% in July

KraneShares China Alpha Index ETF (NYSEARCA:KCAI) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,074 shares, an increase of 49.8% from the July 15th total of 717 shares. Based on an average daily volume of 1,115 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On KraneShares China Alpha Index ETF

A hedge fund recently raised its stake in KraneShares China Alpha Index ETF stock. Jane Street Group LLC boosted its holdings in KraneShares China Alpha Index ETF (NYSEARCA:KCAI) by 35.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,367 shares of the company’s stock after purchasing an additional 6,949 shares during the quarter. Jane Street Group LLC owned approximately 7.53% of KraneShares China Alpha Index ETF worth $715,000 as of its most recent filing with the Securities and Exchange Commission.

KraneShares China Alpha Index ETF Price Performance

KCAI opened at $32.81 on Thursday. The stock’s 50 day simple moving average is $32.24 and its 200 day simple moving average is $32.04. The stock has a market cap of $3.28 million, a P/E ratio of 10.14 and a beta of 0.26. KraneShares China Alpha Index ETF has a 1-year low of $30.00 and a 1-year high of $40.84.

About KraneShares China Alpha Index ETF

The KraneShares China Alpha Index ETF (KCAI) is an exchange-traded fund that is based on the Qi China Alpha index. The fund tracks an index that seeks to outperform the CSI 300 Index by employing a systematic machine learning approach in selection and weighting of China A-shares. KCAI was launched on Aug 28, 2024 and is issued by KraneShares.