KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Get Free Report) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 541 shares, a decrease of 75.1% from the April 15th total of 2,176 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 14,156 shares, the short-interest ratio is presently 0.0 days.
KraneShares 2x Long BABA Daily ETF Stock Performance
Shares of KraneShares 2x Long BABA Daily ETF stock traded down $1.44 during midday trading on Friday, hitting $10.42. The company had a trading volume of 27,592 shares, compared to its average volume of 21,489. The stock has a market capitalization of $4.17 million, a P/E ratio of 14.81 and a beta of 3.28. The company has a 50 day moving average of $10.66 and a 200 day moving average of $17.39. KraneShares 2x Long BABA Daily ETF has a 52-week low of $8.57 and a 52-week high of $41.12.
Institutional Trading of 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 stake in shares of KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,304 shares of the company’s stock, valued at approximately $147,000. Jane Street Group LLC owned about 4.12% of KraneShares 2x Long BABA Daily ETF at the end of the most recent quarter.
KraneShares 2x Long BABA Daily ETF Company Profile
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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