KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Sees Significant Growth in Short Interest

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 316,342 shares, a growth of 135.5% from the June 30th total of 134,326 shares. Currently, 9.8% of the shares of the stock are short sold. Based on an average daily volume of 180,490 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On KraneShares 2x Long PDD Daily ETF

An institutional investor recently bought a new stake in KraneShares 2x Long PDD Daily ETF stock. Susquehanna International Group LLP acquired a new stake in shares of KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 21,846 shares of the company’s stock, valued at approximately $581,000. Susquehanna International Group LLP owned approximately 3.64% of KraneShares 2x Long PDD Daily ETF at the end of the most recent quarter.

KraneShares 2x Long PDD Daily ETF Stock Up 1.3%

Shares of KPDD opened at $5.64 on Tuesday. KraneShares 2x Long PDD Daily ETF has a 52-week low of $4.10 and a 52-week high of $29.15. The firm’s fifty day moving average is $5.66 and its two-hundred day moving average is $7.88.

KraneShares 2x Long PDD Daily ETF Company Profile

There is no description available for this ETF.