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

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBABGet Free Report) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 4,399 shares, a growth of 101.7% from the January 15th total of 2,181 shares. Based on an average daily volume of 30,018 shares, the short-interest ratio is currently 0.1 days. Currently, 1.8% of the shares of the stock are short sold. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily volume of 30,018 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On KraneShares 2x Long BABA Daily ETF

A hedge fund recently bought a new stake in KraneShares 2x Long BABA Daily ETF stock. Jane Street Group LLC bought a new position in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBABFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,304 shares of the company’s stock, valued at approximately $147,000. Jane Street Group LLC owned approximately 4.12% of KraneShares 2x Long BABA Daily ETF as of its most recent filing with the SEC.

KraneShares 2x Long BABA Daily ETF Price Performance

KBAB traded down $0.79 on Friday, hitting $15.24. 23,757 shares of the stock were exchanged, compared to its average volume of 26,925. The firm has a market capitalization of $3.81 million, a price-to-earnings ratio of 14.81 and a beta of 9.86. The business has a 50-day moving average of $18.39 and a two-hundred day moving average of $23.56. KraneShares 2x Long BABA Daily ETF has a 12 month low of $11.85 and a 12 month high of $41.12.

KraneShares 2x Long BABA Daily ETF Cuts Dividend

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

About KraneShares 2x Long BABA Daily ETF

(Get Free Report)

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.

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