KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Short Interest Update

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 719 shares, a decrease of 83.7% from the January 29th total of 4,399 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 15,813 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 15,813 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.3% of the company’s stock are sold short.

KraneShares 2x Long BABA Daily ETF Price Performance

Shares of KBAB stock opened at $13.83 on Thursday. The firm has a market capitalization of $3.46 million, a price-to-earnings ratio of 14.81 and a beta of 9.86. The business has a 50 day simple moving average of $16.81 and a 200 day simple moving average of $23.52. KraneShares 2x Long BABA Daily ETF has a 12-month low of $11.85 and a 12-month high of $41.12.

KraneShares 2x Long BABA Daily ETF Cuts Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a dividend of $0.0495 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a yield of 34.0%.

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

An institutional investor recently raised its position in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP lifted its stake in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,550 shares of the company’s stock after purchasing an additional 17,325 shares during the quarter. Susquehanna International Group LLP owned 32.62% of KraneShares 2x Long BABA Daily ETF worth $2,897,000 as of its most recent filing with the Securities & Exchange Commission.

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.