KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Get Free Report) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 13,284 shares, an increase of 1,308.7% from the August 15th total of 943 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average trading volume of 21,110 shares, the short-interest ratio is currently 0.6 days.
Institutional Trading of KraneShares 2x Long BABA Daily ETF
An institutional investor recently bought a new stake in KraneShares 2x Long BABA Daily ETF stock. Jane Street Group LLC acquired a new position in shares of KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 Stock Performance
Shares of NASDAQ KBAB traded up $0.08 during midday trading on Friday, hitting $6.62. 8,654 shares of the stock traded hands, compared to its average volume of 20,801. The company has a market cap of $2.85 million, a PE ratio of 14.81 and a beta of 2.59. KraneShares 2x Long BABA Daily ETF has a one year low of $4.95 and a one year high of $41.12. The business has a 50 day moving average price of $7.88 and a two-hundred day moving average price of $9.18.
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. 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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