KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Sees Large Increase in Short Interest

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 197,845 shares, an increase of 156.4% from the April 30th total of 77,160 shares. Based on an average daily volume of 225,672 shares, the days-to-cover ratio is currently 0.9 days. Approximately 8.2% of the company’s stock are sold short.

KraneShares 2x Long PDD Daily ETF Price Performance

NASDAQ KPDD traded up $0.17 during trading hours on Friday, hitting $5.73. 606,069 shares of the company were exchanged, compared to its average volume of 196,194. The company has a 50 day moving average of $8.11 and a two-hundred day moving average of $11.62. KraneShares 2x Long PDD Daily ETF has a 52-week low of $5.36 and a 52-week high of $29.15.

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 purchased a new position in shares of KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 reporting period.

About KraneShares 2x Long PDD Daily ETF

There is no description available for this ETF.