KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Sees Significant Increase in Short Interest

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 1,590 shares, a growth of 150.4% from the December 15th total of 635 shares. Based on an average daily volume of 12,765 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.6% of the shares of the company are sold short. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 12,765 shares, the days-to-cover ratio is currently 0.1 days.

KraneShares 2x Long BABA Daily ETF Trading Up 0.7%

NASDAQ:KBAB opened at $18.14 on Wednesday. The stock has a 50 day simple moving average of $22.63 and a 200 day simple moving average of $23.30. The stock has a market cap of $5.08 million, a P/E ratio of 14.81 and a beta of 9.86. KraneShares 2x Long BABA Daily ETF has a 1-year low of $11.85 and a 1-year high of $41.12.

KraneShares 2x Long BABA Daily ETF Cuts Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.0495 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 34.0%.

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 boosted its holdings in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,550 shares of the company’s stock after purchasing an additional 17,325 shares during the quarter. 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 reporting period.

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.