KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Get Free Report) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 2,600 shares, a decline of 92.4% from the June 30th total of 34,302 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 38,639 shares, the short-interest ratio is currently 0.1 days.
KraneShares 2x Long BABA Daily ETF Stock Down 3.7%
KBAB stock traded down $0.28 during mid-day trading on Friday, hitting $7.22. 8,264 shares of the company were exchanged, compared to its average volume of 22,108. KraneShares 2x Long BABA Daily ETF has a 12-month low of $4.95 and a 12-month high of $41.12. The firm has a market capitalization of $3.10 million, a P/E ratio of 14.81 and a beta of 3.37. The business has a fifty day simple moving average of $7.76 and a 200-day simple moving average of $11.35.
Hedge Funds Weigh In On KraneShares 2x Long BABA Daily ETF
A hedge fund recently raised its stake in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP raised its position in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Free Report) by 27.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 as of its most recent SEC filing.
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.
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