KraneShares China Alpha Index ETF (NYSEARCA:KCAI – Get Free Report) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 885 shares, a decline of 64.3% from the May 31st total of 2,477 shares. Based on an average trading volume of 1,118 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.3% of the company’s stock are short sold.
Institutional Inflows and Outflows
An institutional investor recently raised its position in KraneShares China Alpha Index ETF stock. Jane Street Group LLC raised its stake in shares of KraneShares China Alpha Index ETF (NYSEARCA:KCAI – Free Report) by 35.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,367 shares of the company’s stock after buying an additional 6,949 shares during the period. Jane Street Group LLC owned about 7.53% of KraneShares China Alpha Index ETF worth $715,000 as of its most recent SEC filing.
KraneShares China Alpha Index ETF Price Performance
Shares of KCAI opened at $31.79 on Friday. The business’s 50-day moving average is $32.49 and its 200-day moving average is $32.26. The company has a market capitalization of $9.54 million, a price-to-earnings ratio of 10.14 and a beta of 0.23. KraneShares China Alpha Index ETF has a fifty-two week low of $30.00 and a fifty-two week high of $40.84.
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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