KraneShares China Alpha Index ETF (NYSEARCA:KCAI) Sees Large Drop in Short Interest

KraneShares China Alpha Index ETF (NYSEARCA:KCAI) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 600 shares, a drop of 44.8% from the August 15th total of 1,087 shares. Based on an average daily volume of 571 shares, the short-interest ratio is presently 1.1 days. Currently, 0.6% of the company’s stock are sold short.

KraneShares China Alpha Index ETF Stock Up 0.2%

KCAI stock traded up $0.07 during midday trading on Thursday, reaching $33.14. 179 shares of the company’s stock traded hands, compared to its average volume of 2,741. The firm’s fifty day moving average price is $32.68 and its 200-day moving average price is $32.36. KraneShares China Alpha Index ETF has a 52 week low of $30.00 and a 52 week high of $40.84. The company has a market cap of $33.11 million, a price-to-earnings ratio of 10.14 and a beta of 0.26.

KraneShares China Alpha Index ETF Company Profile

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.