KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Declares $0.05 Annual Dividend

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) declared an annual dividend on Monday, December 29th, NASDAQ Dividends reports. Stockholders of record on Tuesday, December 30th will be given a dividend of 0.0495 per share on Wednesday, December 31st. This represents a dividend yield of 34.0%. The ex-dividend date of this dividend is Tuesday, December 30th.

KraneShares 2x Long BABA Daily ETF Trading Down 2.0%

Shares of NASDAQ KBAB traded down $0.30 during midday trading on Tuesday, hitting $14.42. The company’s stock had a trading volume of 45,628 shares, compared to its average volume of 12,390. The firm has a market capitalization of $3.61 million, a price-to-earnings ratio of 14.81 and a beta of 9.86. The stock has a fifty day moving average price of $26.24 and a 200 day moving average price of $23.32. KraneShares 2x Long BABA Daily ETF has a one year low of $11.85 and a one year high of $41.12.

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

An institutional investor recently raised its position in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP increased its stake in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 81,550 shares of the company’s stock after purchasing an additional 17,325 shares during the quarter. Susquehanna International Group LLP owned about 32.62% of KraneShares 2x Long BABA Daily ETF worth $2,897,000 at the end of the most recent quarter.

About KraneShares 2x Long BABA Daily ETF

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.