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

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 2,181 shares, an increase of 37.2% from the December 31st total of 1,590 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 33,073 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 33,073 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.7% of the company’s shares are sold short.

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

KraneShares 2x Long BABA Daily ETF Stock Performance

NASDAQ:KBAB traded down $0.30 during trading hours on Monday, reaching $18.21. The company’s stock had a trading volume of 11,499 shares, compared to its average volume of 31,748. The firm has a market capitalization of $4.55 million, a price-to-earnings ratio of 14.81 and a beta of 9.86. The firm has a 50-day simple moving average of $20.21 and a 200-day simple moving average of $23.70. KraneShares 2x Long BABA Daily ETF has a 1 year low of $11.85 and a 1 year high of $41.12.

KraneShares 2x Long BABA Daily ETF Cuts Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were paid a $0.0495 dividend. This represents a dividend yield of 34.0%. The ex-dividend date of this dividend was Tuesday, December 30th.

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.