Short Interest in KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Drops By 74.4%

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 daily volume of 264,114 shares, the short-interest ratio is presently 0.5 days. Approximately 3.2% of the shares of the company are sold short.

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

A hedge fund recently bought a new stake in KraneShares 2x Long PDD Daily ETF stock. Susquehanna International Group LLP acquired a new stake in KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,846 shares of the company’s stock, valued at approximately $581,000. Susquehanna International Group LLP owned 3.64% of KraneShares 2x Long PDD Daily ETF at the end of the most recent quarter.

KraneShares 2x Long PDD Daily ETF Stock Down 1.4%

Shares of KraneShares 2x Long PDD Daily ETF stock traded down $0.08 on Monday, hitting $5.58. The stock had a trading volume of 139,133 shares, compared to its average volume of 222,406. KraneShares 2x Long PDD Daily ETF has a 52-week low of $4.10 and a 52-week high of $29.15. The company’s 50 day moving average price is $6.13 and its 200 day moving average price is $8.33.

KraneShares 2x Long PDD Daily ETF Company Profile

There is no description available for this ETF.