KraneShares China Alpha Index ETF (NYSEARCA:KCAI) Sees Large Decline in Short Interest

KraneShares China Alpha Index ETF (NYSEARCA:KCAI) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 600 shares, a drop of 44.8% from the August 15th total of 1,087 shares. Based on an average trading volume of 571 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the company’s shares are short sold.

KraneShares China Alpha Index ETF Stock Performance

Shares of KraneShares China Alpha Index ETF stock traded down $0.28 on Tuesday, reaching $32.99. The company had a trading volume of 1,775 shares, compared to its average volume of 2,784. The firm’s 50 day moving average price is $32.61 and its two-hundred day moving average price is $32.34. KraneShares China Alpha Index ETF has a 52-week low of $30.00 and a 52-week high of $40.84. The firm has a market cap of $32.96 million, a PE ratio of 10.14 and a beta of 0.26.

KraneShares China Alpha Index ETF Company Profile

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.