KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Short Interest Up 192.4% in July

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 924,850 shares, an increase of 192.4% from the July 15th total of 316,342 shares. Currently, 25.7% of the company’s stock are short sold. Based on an average daily volume of 128,662 shares, the short-interest ratio is presently 7.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in KraneShares 2x Long PDD Daily ETF stock. Susquehanna International Group LLP bought a new position in KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 21,846 shares of the company’s stock, valued at approximately $581,000. Susquehanna International Group LLP owned about 3.64% of KraneShares 2x Long PDD Daily ETF as of its most recent filing with the Securities and Exchange Commission.

KraneShares 2x Long PDD Daily ETF Price Performance

Shares of KraneShares 2x Long PDD Daily ETF stock traded down $0.64 during mid-day trading on Thursday, hitting $5.44. 218,187 shares of the stock were exchanged, compared to its average volume of 207,122. The company has a 50-day simple moving average of $5.53 and a 200 day simple moving average of $7.47. KraneShares 2x Long PDD Daily ETF has a twelve month low of $4.10 and a twelve month high of $29.15.

KraneShares 2x Long PDD Daily ETF Company Profile

There is no description available for this ETF.