KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Sees Large Drop in Short Interest

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 524,671 shares, a decline of 77.6% from the May 31st total of 2,341,737 shares. Currently, 21.9% of the shares of the company are short sold. Based on an average daily trading volume, of 430,787 shares, the short-interest ratio is presently 1.2 days.

KraneShares 2x Long PDD Daily ETF Price Performance

KraneShares 2x Long PDD Daily ETF stock opened at $4.63 on Friday. The company’s 50-day moving average price is $6.81 and its two-hundred day moving average price is $9.28. KraneShares 2x Long PDD Daily ETF has a twelve month low of $4.10 and a twelve month high of $29.15.

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

A hedge fund recently bought a new stake in KraneShares 2x Long PDD Daily ETF stock. Susquehanna International Group LLP acquired a new stake in shares of KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,846 shares of the company’s stock, valued at approximately $581,000. Susquehanna International Group LLP owned approximately 3.64% of KraneShares 2x Long PDD Daily ETF at the end of the most recent quarter.

About KraneShares 2x Long PDD Daily ETF

There is no description available for this ETF.