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

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) saw a large decline in short interest in the month of February. As of February 13th, there was short interest totaling 719 shares, a decline of 83.7% from the January 29th total of 4,399 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 15,813 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 15,813 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of KraneShares 2x Long BABA Daily ETF

A hedge fund 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) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,304 shares of the company’s stock, valued at approximately $147,000. Jane Street Group LLC owned 4.12% of KraneShares 2x Long BABA Daily ETF at the end of the most recent reporting period.

KraneShares 2x Long BABA Daily ETF Price Performance

Shares of KBAB stock traded down $0.72 during mid-day trading on Friday, hitting $13.14. The stock had a trading volume of 27,403 shares, compared to its average volume of 23,656. The firm has a market cap of $3.29 million, a PE ratio of 14.81 and a beta of 9.86. The company’s 50-day simple moving average is $16.42 and its 200-day simple moving average is $23.43. KraneShares 2x Long BABA Daily ETF has a fifty-two week low of $11.85 and a fifty-two week high of $41.12.

KraneShares 2x Long BABA Daily ETF Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, December 31st. Shareholders 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%.

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.