KraneShares China Alpha Index ETF (NYSEARCA:KCAI – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 885 shares, a decline of 64.3% from the May 31st total of 2,477 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 1,118 shares, the days-to-cover ratio is currently 0.8 days.
Institutional Investors Weigh In On KraneShares China Alpha Index ETF
A hedge fund recently raised its stake in KraneShares China Alpha Index ETF stock. Susquehanna International Group LLP increased its position in shares of KraneShares China Alpha Index ETF (NYSEARCA:KCAI – Free Report) by 59.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,476 shares of the company’s stock after purchasing an additional 8,024 shares during the quarter. Susquehanna International Group LLP owned 7.16% of KraneShares China Alpha Index ETF worth $807,000 at the end of the most recent reporting period.
KraneShares China Alpha Index ETF Price Performance
NYSEARCA KCAI remained flat at $31.79 on Monday. The company’s stock had a trading volume of 48 shares, compared to its average volume of 3,748. The company has a fifty day moving average price of $32.49 and a 200-day moving average price of $32.20. KraneShares China Alpha Index ETF has a 12-month low of $30.00 and a 12-month high of $40.84. The stock has a market capitalization of $9.54 million, a P/E ratio of 10.14 and a beta of 0.23.
About KraneShares China Alpha Index ETF
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.
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