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

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 541 shares, a decrease of 75.1% from the April 15th total of 2,176 shares. Based on an average daily volume of 14,156 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are sold short.

KraneShares 2x Long BABA Daily ETF Trading Up 16.0%

NASDAQ KBAB traded up $1.75 on Wednesday, reaching $12.70. 82,962 shares of the stock were exchanged, compared to its average volume of 21,328. KraneShares 2x Long BABA Daily ETF has a one year low of $8.57 and a one year high of $41.12. The firm has a market capitalization of $5.08 million, a PE ratio of 14.81 and a beta of 3.28. The company’s 50-day simple moving average is $10.67 and its two-hundred day simple moving average is $17.58.

Institutional Trading of KraneShares 2x Long BABA Daily ETF

A hedge fund recently raised its stake in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP increased its holdings in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund 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.

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.