KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Trading Down 0.4% – What’s Next?

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA)’s share price fell 0.4% during trading on Thursday . The stock traded as low as $32.95 and last traded at $33.00. 8,254 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 96,718 shares. The stock had previously closed at $33.12.

KraneShares Bosera MSCI China A 50 Connect Index ETF Price Performance

The stock has a fifty day moving average price of $33.65 and a two-hundred day moving average price of $32.46. The company has a market cap of $145.20 million, a P/E ratio of 13.75 and a beta of 0.18.

Hedge Funds Weigh In On KraneShares Bosera MSCI China A 50 Connect Index ETF

Several large investors have recently bought and sold shares of KBA. Jane Street Group LLC grew its stake in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 1,604.7% in the 1st quarter. Jane Street Group LLC now owns 272,207 shares of the company’s stock worth $6,430,000 after acquiring an additional 256,239 shares in the last quarter. Bank of America Corp DE lifted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 73.9% during the first quarter. Bank of America Corp DE now owns 94,333 shares of the company’s stock valued at $2,855,000 after purchasing an additional 40,102 shares in the last quarter. Royal Bank of Canada lifted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 9.2% during the first quarter. Royal Bank of Canada now owns 85,402 shares of the company’s stock valued at $2,584,000 after purchasing an additional 7,160 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in KraneShares Bosera MSCI China A 50 Connect Index ETF by 16.7% during the third quarter. Susquehanna International Group LLP now owns 76,466 shares of the company’s stock worth $2,299,000 after purchasing an additional 10,923 shares during the last quarter. Finally, Spectrum Strategic Capital Management LLC bought a new stake in KraneShares Bosera MSCI China A 50 Connect Index ETF in the 4th quarter worth about $1,658,000.

KraneShares Bosera MSCI China A 50 Connect Index ETF Company Profile

The KraneShares Bosera MSCI China A 50 Connect Index ETF (KBA) is an exchange-traded fund that is based on the MSCI China A 50 Connect index. The fund tracks a subset of market cap-weighted large- and mid-cap Chinese equities listed in Shanghai and Shenzhen. KBA was launched on Mar 5, 2014 and is managed by KraneShares.