Short Interest in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Declines By 95.9%

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 635 shares, a drop of 95.9% from the November 30th total of 15,387 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 6,648 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 6,648 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Trading of KraneShares 2x Long BABA Daily ETF

A hedge fund recently raised its stake in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP grew its stake in shares of KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,550 shares of the company’s stock after buying an additional 17,325 shares during the period. Susquehanna International Group LLP owned approximately 32.62% of KraneShares 2x Long BABA Daily ETF worth $2,897,000 as of its most recent filing with the Securities and Exchange Commission.

KraneShares 2x Long BABA Daily ETF Price Performance

Shares of NASDAQ KBAB traded up $0.43 during trading hours on Friday, reaching $15.48. The stock had a trading volume of 9,567 shares, compared to its average volume of 12,191. The company has a market cap of $3.87 million, a price-to-earnings ratio of 14.81 and a beta of 9.86. KraneShares 2x Long BABA Daily ETF has a twelve month low of $11.85 and a twelve month high of $41.12. The business’s fifty day moving average is $26.60 and its two-hundred day moving average is $23.25.

KraneShares 2x Long BABA Daily ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were paid a $8.4942 dividend. This represents a dividend yield of 5,574.0%. The ex-dividend date was Monday, December 22nd.

KraneShares 2x Long BABA Daily ETF Company Profile

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.