KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Shares Down 0.4% – Time to Sell?

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) shares were down 0.4% during mid-day trading on Monday . The stock traded as low as $30.48 and last traded at $30.60. Approximately 15,900 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 89,279 shares. The stock had previously closed at $30.71.

KraneShares Bosera MSCI China A 50 Connect Index ETF Trading Down 0.4%

The company has a market capitalization of $241.74 million, a PE ratio of 13.75 and a beta of 0.10. The business has a fifty day moving average of $30.25 and a 200 day moving average of $27.96.

KraneShares Bosera MSCI China A 50 Connect Index ETF Announces Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd will be issued a $0.4832 dividend. The ex-dividend date is Monday, December 22nd. This represents a dividend yield of 158.0%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KBA. Comerica Bank boosted its position in KraneShares Bosera MSCI China A 50 Connect Index ETF by 92.6% during the first quarter. Comerica Bank now owns 8,217 shares of the company’s stock worth $194,000 after purchasing an additional 3,950 shares in the last quarter. DRW Securities LLC purchased a new stake in KraneShares Bosera MSCI China A 50 Connect Index ETF in the 1st quarter valued at about $1,865,000. Jane Street Group LLC increased its position in KraneShares Bosera MSCI China A 50 Connect Index ETF by 1,604.7% during the first quarter. Jane Street Group LLC now owns 272,207 shares of the company’s stock worth $6,430,000 after purchasing an additional 256,239 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 27.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,892 shares of the company’s stock worth $116,000 after purchasing an additional 1,052 shares during the period. Finally, Shell Asset Management Co. increased its position in KraneShares Bosera MSCI China A 50 Connect Index ETF by 1.8% during the 2nd quarter. Shell Asset Management Co. now owns 107,900 shares of the company’s stock worth $2,620,000 after purchasing an additional 1,927 shares in the last quarter.

About KraneShares Bosera MSCI China A 50 Connect Index ETF

The KraneShares Bosera MSCI China A 50 Connect Index ETF (KBA) is an exchange-traded fund that is based on the MSCI China A 50 Connect index. The fund tracks a subset of market cap-weighted large- and mid-cap Chinese equities listed in Shanghai and Shenzhen. KBA was launched on Mar 5, 2014 and is managed by KraneShares.