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

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 2,859 shares, a drop of 14.5% from the February 26th total of 3,345 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average trading volume of 21,628 shares, the days-to-cover ratio is presently 0.1 days.

KraneShares 2x Long BABA Daily ETF Stock Down 2.7%

KBAB opened at $9.45 on Thursday. The stock has a market capitalization of $2.84 million, a price-to-earnings ratio of 14.81 and a beta of 9.86. The firm has a 50 day moving average price of $13.92 and a 200-day moving average price of $21.97. KraneShares 2x Long BABA Daily ETF has a twelve month low of $9.11 and a twelve month high of $41.12.

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

A hedge fund recently raised its stake in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP lifted its holdings in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,550 shares of the company’s stock after purchasing 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 reporting period.

About KraneShares 2x Long BABA Daily ETF

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.