KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Short Interest Up 1,083.6% in May

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 2,341,737 shares, a growth of 1,083.6% from the May 14th total of 197,845 shares. Based on an average trading volume of 850,629 shares, the short-interest ratio is presently 2.8 days. Currently, 97.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in KraneShares 2x Long PDD Daily ETF stock. Susquehanna International Group LLP acquired a new position in shares of KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,846 shares of the company’s stock, valued at approximately $581,000. Susquehanna International Group LLP owned 3.64% of KraneShares 2x Long PDD Daily ETF as of its most recent SEC filing.

KraneShares 2x Long PDD Daily ETF Price Performance

Shares of KPDD stock traded down $0.21 on Thursday, reaching $5.14. 357,116 shares of the company’s stock were exchanged, compared to its average volume of 216,968. KraneShares 2x Long PDD Daily ETF has a 52 week low of $4.96 and a 52 week high of $29.15. The company’s fifty day simple moving average is $7.70 and its 200 day simple moving average is $10.46.

KraneShares 2x Long PDD Daily ETF Company Profile

There is no description available for this ETF.