KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Short Interest Up 54.8% in August

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 943 shares, a growth of 54.8% from the July 30th total of 609 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 11,153 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On KraneShares 2x Long BABA Daily ETF

A hedge fund recently raised its position in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP boosted its holdings in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,550 shares of the company’s stock after buying an additional 17,325 shares during the quarter. 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 reporting period.

KraneShares 2x Long BABA Daily ETF Stock Performance

KBAB stock opened at $6.94 on Thursday. The company’s 50-day simple moving average is $7.69 and its 200 day simple moving average is $9.55. KraneShares 2x Long BABA Daily ETF has a 52 week low of $4.95 and a 52 week high of $41.12. The company has a market capitalization of $2.98 million, a PE ratio of 14.81 and a beta of 2.60.

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.