KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Sees Large Decline in Short Interest

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDDGet Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 524,671 shares, a drop of 77.6% from the May 31st total of 2,341,737 shares. Approximately 21.9% of the shares of the stock are sold short. Based on an average trading volume of 430,787 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of KraneShares 2x Long PDD Daily ETF

An institutional investor recently bought a new position in KraneShares 2x Long PDD Daily ETF stock. Susquehanna International Group LLP bought a new position in KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDDFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,846 shares of the company’s stock, valued at approximately $581,000. Susquehanna International Group LLP owned about 3.64% of KraneShares 2x Long PDD Daily ETF at the end of the most recent quarter.

KraneShares 2x Long PDD Daily ETF Stock Performance

Shares of KPDD stock remained flat at $4.63 during trading hours on Monday. The company’s stock had a trading volume of 283,920 shares, compared to its average volume of 224,397. The company’s fifty day moving average is $6.72 and its 200 day moving average is $9.10. KraneShares 2x Long PDD Daily ETF has a 52-week low of $4.10 and a 52-week high of $29.15.

KraneShares 2x Long PDD Daily ETF Company Profile

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There is no description available for this ETF.

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