KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA – Get Free Report) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 100,480 shares, a drop of 64.8% from the April 30th total of 285,639 shares. Based on an average daily volume of 103,874 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.8% of the shares of the stock are sold short.
KraneShares Bosera MSCI China A 50 Connect Index ETF Stock Performance
Shares of KBA stock traded down $0.05 during mid-day trading on Friday, hitting $34.32. 36,009 shares of the stock traded hands, compared to its average volume of 132,163. KraneShares Bosera MSCI China A 50 Connect Index ETF has a twelve month low of $23.44 and a twelve month high of $35.31. The firm has a market cap of $195.62 million, a price-to-earnings ratio of 13.75 and a beta of 0.16. The company’s 50-day simple moving average is $32.31 and its 200-day simple moving average is $31.23.
Hedge Funds Weigh In On KraneShares Bosera MSCI China A 50 Connect Index ETF
Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 73.9% during the 1st quarter. Bank of America Corp DE now owns 94,333 shares of the company’s stock valued at $2,855,000 after purchasing an additional 40,102 shares during the period. Royal Bank of Canada grew its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 9.2% in the 1st quarter. Royal Bank of Canada now owns 85,402 shares of the company’s stock worth $2,584,000 after acquiring an additional 7,160 shares during the last quarter. Fifth Third Bancorp acquired a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF in the 1st quarter worth $132,000. Ascentis Independent Advisors acquired a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF in the 1st quarter worth $632,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF in the 4th quarter worth $188,000.
KraneShares Bosera MSCI China A 50 Connect Index ETF Company Profile
The KraneShares Bosera MSCI China A 50 Connect Index ETF (KBA) is an exchange-traded fund that is based on the MSCI China A 50 Connect index. The fund tracks a subset of market cap-weighted large- and mid-cap Chinese equities listed in Shanghai and Shenzhen. KBA was launched on Mar 5, 2014 and is managed by KraneShares.
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