KraneShares 2x Long JD Daily ETF (NASDAQ:KJD) Sees Large Growth in Short Interest

KraneShares 2x Long JD Daily ETF (NASDAQ:KJD) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,739 shares, a growth of 103.2% from the September 30th total of 1,348 shares. Approximately 3.4% of the shares of the stock are sold short. Based on an average daily volume of 4,876 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in KraneShares 2x Long JD Daily ETF stock. DGS Capital Management LLC purchased a new stake in KraneShares 2x Long JD Daily ETF (NASDAQ:KJD) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,555 shares of the company’s stock, valued at approximately $216,000. DGS Capital Management LLC owned 11.55% of KraneShares 2x Long JD Daily ETF as of its most recent filing with the SEC.

KraneShares 2x Long JD Daily ETF Stock Up 100.0%

KJD stock traded up $7.38 during mid-day trading on Friday, reaching $14.76. KraneShares 2x Long JD Daily ETF has a twelve month low of $13.18 and a twelve month high of $28.34. The company’s fifty day moving average is $15.20 and its 200 day moving average is $17.70.