KraneShares China Alpha Index ETF (NYSEARCA:KCAI – Get Free Report) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,074 shares, an increase of 49.8% from the July 15th total of 717 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 1,115 shares, the days-to-cover ratio is presently 1.0 days.
KraneShares China Alpha Index ETF Price Performance
KCAI traded down $0.06 on Tuesday, reaching $32.82. 419 shares of the company traded hands, compared to its average volume of 3,042. The stock’s 50 day moving average price is $32.22 and its 200-day moving average price is $32.00. KraneShares China Alpha Index ETF has a 52-week low of $30.00 and a 52-week high of $40.84. The company has a market cap of $3.28 million, a price-to-earnings ratio of 10.14 and a beta of 0.26.
Institutional Investors Weigh In On KraneShares China Alpha Index ETF
An institutional investor recently raised its position in KraneShares China Alpha Index ETF stock. Susquehanna International Group LLP grew its stake in shares of KraneShares China Alpha Index ETF (NYSEARCA:KCAI – Free Report) by 59.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,476 shares of the company’s stock after acquiring an additional 8,024 shares during the period. Susquehanna International Group LLP owned 7.16% of KraneShares China Alpha Index ETF worth $807,000 as of its most recent SEC filing.
About KraneShares China Alpha Index ETF
The KraneShares China Alpha Index ETF (KCAI) is an exchange-traded fund that is based on the Qi China Alpha index. The fund tracks an index that seeks to outperform the CSI 300 Index by employing a systematic machine learning approach in selection and weighting of China A-shares. KCAI was launched on Aug 28, 2024 and is issued by KraneShares.
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