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

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 197,845 shares, a growth of 156.4% from the April 30th total of 77,160 shares. Approximately 8.2% of the company’s shares are sold short. Based on an average daily trading volume, of 225,672 shares, the days-to-cover ratio is presently 0.9 days.

KraneShares 2x Long PDD Daily ETF Price Performance

Shares of KPDD stock traded up $0.17 on Friday, hitting $5.73. The stock had a trading volume of 606,069 shares, compared to its average volume of 196,194. KraneShares 2x Long PDD Daily ETF has a 1 year low of $5.36 and a 1 year high of $29.15. The company’s 50 day moving average price is $8.11 and its 200-day moving average price is $11.62.

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

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

KraneShares 2x Long PDD Daily ETF Company Profile

There is no description available for this ETF.