KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Sees Significant Growth in Short Interest

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBABGet Free Report) saw a large growth in short interest in December. As of December 31st, there was short interest totaling 1,590 shares, a growth of 150.4% from the December 15th total of 635 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 12,765 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 12,765 shares, the short-interest ratio is currently 0.1 days. Currently, 0.6% of the shares of the company are sold short.

KraneShares 2x Long BABA Daily ETF Trading Down 6.7%

Shares of KraneShares 2x Long BABA Daily ETF stock traded down $1.27 on Friday, hitting $17.71. The stock had a trading volume of 19,166 shares, compared to its average volume of 32,456. The company’s 50 day moving average price is $22.20 and its 200 day moving average price is $23.24. KraneShares 2x Long BABA Daily ETF has a 52-week low of $11.85 and a 52-week high of $41.12. The stock has a market cap of $7.08 million, a price-to-earnings ratio of 14.81 and a beta of 9.86.

KraneShares 2x Long BABA Daily ETF Cuts Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were given a dividend of $0.0495 per share. The ex-dividend date was Tuesday, December 30th. This represents a yield of 34.0%.

Hedge Funds Weigh In On KraneShares 2x Long BABA Daily ETF

An institutional investor recently raised its position in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP increased its holdings in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBABFree Report) by 27.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,550 shares of the company’s stock after purchasing an additional 17,325 shares during the period. Susquehanna International Group LLP owned approximately 32.62% of KraneShares 2x Long BABA Daily ETF worth $2,897,000 at the end of the most recent quarter.

KraneShares 2x Long BABA Daily ETF Company Profile

(Get Free Report)

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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