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

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 134,326 shares, a decline of 74.4% from the June 15th total of 524,671 shares. Based on an average trading volume of 264,114 shares, the days-to-cover ratio is presently 0.5 days. Currently, 3.2% of the company’s stock are sold short.

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 purchased a new position in KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,846 shares of the company’s stock, valued at approximately $581,000. Susquehanna International Group LLP owned about 3.64% of KraneShares 2x Long PDD Daily ETF at the end of the most recent quarter.

KraneShares 2x Long PDD Daily ETF Trading Down 1.7%

KPDD traded down $0.10 during trading on Friday, hitting $5.66. The company had a trading volume of 90,338 shares, compared to its average volume of 223,046. KraneShares 2x Long PDD Daily ETF has a 1-year low of $4.10 and a 1-year high of $29.15. The business has a 50-day moving average of $6.19 and a 200-day moving average of $8.37.

KraneShares 2x Long PDD Daily ETF Company Profile

There is no description available for this ETF.