KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Short Interest Up 192.4% in July

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 924,850 shares, a growth of 192.4% from the July 15th total of 316,342 shares. Based on an average daily trading volume, of 128,662 shares, the days-to-cover ratio is presently 7.2 days. Approximately 25.7% of the shares of the company are short sold.

KraneShares 2x Long PDD Daily ETF Stock Up 1.3%

KPDD traded up $0.07 during trading hours on Friday, hitting $5.51. The company’s stock had a trading volume of 51,555 shares, compared to its average volume of 206,167. The company has a 50-day simple moving average of $5.52 and a 200 day simple moving average of $7.44. KraneShares 2x Long PDD Daily ETF has a fifty-two week low of $4.10 and a fifty-two week high of $29.15.

Institutional Inflows and Outflows

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 shares of KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 21,846 shares of the company’s stock, valued at approximately $581,000. Susquehanna International Group LLP owned approximately 3.64% of KraneShares 2x Long PDD Daily ETF as of its most recent SEC filing.

About KraneShares 2x Long PDD Daily ETF

There is no description available for this ETF.