KraneShares China Alpha Index ETF (NYSEARCA:KCAI) Short Interest Down 64.3% in June

KraneShares China Alpha Index ETF (NYSEARCA:KCAI) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 885 shares, a drop of 64.3% from the May 31st total of 2,477 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 1,118 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On KraneShares China Alpha Index ETF

A hedge fund recently raised its position in KraneShares China Alpha Index ETF stock. Jane Street Group LLC increased its position in KraneShares China Alpha Index ETF (NYSEARCA:KCAI) by 35.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,367 shares of the company’s stock after buying an additional 6,949 shares during the period. Jane Street Group LLC owned 7.53% of KraneShares China Alpha Index ETF worth $715,000 at the end of the most recent reporting period.

KraneShares China Alpha Index ETF Price Performance

Shares of NYSEARCA KCAI opened at $31.79 on Friday. KraneShares China Alpha Index ETF has a one year low of $30.00 and a one year high of $40.84. The business’s 50-day moving average price is $32.49 and its two-hundred day moving average price is $32.26. The company has a market capitalization of $9.54 million, a P/E ratio of 10.14 and a beta of 0.23.

KraneShares China Alpha Index ETF Company Profile

The KraneShares China Alpha Index ETF (KCAI) is an exchange-traded fund that is based on the Qi China Alpha index. The fund tracks an index that seeks to outperform the CSI 300 Index by employing a systematic machine learning approach in selection and weighting of China A-shares. KCAI was launched on Aug 28, 2024 and is issued by KraneShares.