KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Short Interest Update

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 3,345 shares, a growth of 365.2% from the February 12th total of 719 shares. Based on an average trading volume of 11,182 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.3% of the shares of the stock are sold short. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 11,182 shares, the days-to-cover ratio is presently 0.3 days.

KraneShares 2x Long BABA Daily ETF Stock Performance

KraneShares 2x Long BABA Daily ETF stock traded down $0.18 during midday trading on Wednesday, reaching $11.57. 7,963 shares of the stock were exchanged, compared to its average volume of 24,120. KraneShares 2x Long BABA Daily ETF has a 52 week low of $10.40 and a 52 week high of $41.12. The firm has a market cap of $2.89 million, a PE ratio of 14.81 and a beta of 9.86. The company’s fifty day moving average is $15.92 and its 200-day moving average is $23.22.

KraneShares 2x Long BABA Daily ETF Cuts Dividend

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

Institutional Investors 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 raised its stake in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,550 shares of the company’s stock after buying an additional 17,325 shares during the period. Susquehanna International Group LLP owned about 32.62% of KraneShares 2x Long BABA Daily ETF worth $2,897,000 at the end of the most recent quarter.

KraneShares 2x Long BABA Daily ETF Company Profile

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.