KraneShares China Alpha Index ETF (NYSEARCA:KCAI) Short Interest Up 49.8% in July

KraneShares China Alpha Index ETF (NYSEARCA:KCAI) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,074 shares, a growth of 49.8% from the July 15th total of 717 shares. Based on an average trading volume of 1,115 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.1% of the company’s stock are short sold.

KraneShares China Alpha Index ETF Stock Performance

Shares of NYSEARCA KCAI remained flat at $32.98 during trading on Wednesday. The stock had a trading volume of 456 shares, compared to its average volume of 3,042. KraneShares China Alpha Index ETF has a 52-week low of $30.00 and a 52-week high of $40.84. The business’s 50-day moving average is $32.23 and its 200-day moving average is $32.02. The stock has a market cap of $3.30 million, a PE ratio of 10.14 and a beta of 0.26.

Institutional Inflows and Outflows

A hedge fund recently raised its position in KraneShares China Alpha Index ETF stock. Jane Street Group LLC boosted its stake in shares of KraneShares China Alpha Index ETF (NYSEARCA:KCAI) by 35.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,367 shares of the company’s stock after purchasing an additional 6,949 shares during the period. Jane Street Group LLC owned about 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 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.