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

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 23,200 shares, a growth of 179.5% from the August 31st total of 8,300 shares. Based on an average daily trading volume, of 14,000 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 14,000 shares, the days-to-cover ratio is presently 1.7 days.

KraneShares 2x Long BABA Daily ETF Trading Down 1.5%

NASDAQ:KBAB opened at $39.22 on Friday. KraneShares 2x Long BABA Daily ETF has a 12-month low of $11.85 and a 12-month high of $41.12. The stock has a 50-day moving average price of $23.23 and a 200 day moving average price of $19.21. The stock has a market capitalization of $5.88 million and a P/E ratio of 14.81.

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.