KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 13,550 shares, a growth of 183.9% from the September 30th total of 4,773 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average daily volume of 21,961 shares, the days-to-cover ratio is currently 0.6 days.
KraneShares 2x Long BABA Daily ETF Price Performance
Shares of NASDAQ:KBAB opened at $6.45 on Friday. KraneShares 2x Long BABA Daily ETF has a one year low of $4.95 and a one year high of $35.52. The company has a market cap of $2.90 million, a price-to-earnings ratio of 14.81 and a beta of -5.76. The firm has a 50 day simple moving average of $6.78 and a 200 day simple moving average of $9.88.
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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