KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Sees Significant Decline in Short Interest

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the target of a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 609 shares, a drop of 76.6% from the July 15th total of 2,600 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 11,001 shares, the days-to-cover ratio is presently 0.1 days.

KraneShares 2x Long BABA Daily ETF Price Performance

Shares of NASDAQ:KBAB traded up $0.19 during midday trading on Friday, hitting $8.66. The company had a trading volume of 4,393 shares, compared to its average volume of 20,921. The company has a market cap of $3.72 million, a price-to-earnings ratio of 14.81 and a beta of 2.65. KraneShares 2x Long BABA Daily ETF has a 12-month low of $4.95 and a 12-month high of $41.12. The company has a fifty day moving average of $7.45 and a two-hundred day moving average of $10.48.

Institutional Trading of KraneShares 2x Long BABA Daily ETF

An institutional investor recently bought a new position in KraneShares 2x Long BABA Daily ETF stock. Jane Street Group LLC acquired a new position in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 10,304 shares of the company’s stock, valued at approximately $147,000. Jane Street Group LLC owned 4.12% of KraneShares 2x Long BABA Daily ETF as of its most recent SEC filing.

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.