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

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBABGet Free Report) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 9,999 shares, a growth of 1,296.5% from the May 31st total of 716 shares. Approximately 2.5% of the shares of the company are sold short. Based on an average trading volume of 23,163 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On KraneShares 2x Long BABA Daily ETF

An institutional investor recently raised its stake in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP lifted its stake in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBABFree Report) by 27.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,550 shares of the company’s stock after acquiring an additional 17,325 shares during the period. Susquehanna International Group LLP owned 32.62% of KraneShares 2x Long BABA Daily ETF worth $2,897,000 as of its most recent filing with the Securities and Exchange Commission.

KraneShares 2x Long BABA Daily ETF Stock Performance

Shares of NASDAQ:KBAB traded down $0.04 on Friday, hitting $5.28. The company’s stock had a trading volume of 4,511 shares, compared to its average volume of 21,204. The company has a market capitalization of $2.11 million, a price-to-earnings ratio of 14.81 and a beta of 2.92. KraneShares 2x Long BABA Daily ETF has a 12 month low of $4.95 and a 12 month high of $41.12. The stock’s 50-day moving average is $9.64 and its two-hundred day moving average is $13.25.

KraneShares 2x Long BABA Daily ETF Company Profile

(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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