KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Trading Down 1.5% – Should You Sell?

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA)’s share price fell 1.5% during trading on Tuesday . The stock traded as low as $32.43 and last traded at $32.43. 47,536 shares were traded during trading, a decline of 67% from the average session volume of 145,646 shares. The stock had previously closed at $32.93.

KraneShares Bosera MSCI China A 50 Connect Index ETF Trading Down 1.5%

The company’s 50-day simple moving average is $30.66 and its 200 day simple moving average is $30.57. The stock has a market cap of $188.09 million, a P/E ratio of 13.75 and a beta of 0.09.

Hedge Funds Weigh In On KraneShares Bosera MSCI China A 50 Connect Index ETF

Several hedge funds have recently modified their holdings of KBA. Jane Street Group LLC lifted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 1,604.7% during the 1st quarter. Jane Street Group LLC now owns 272,207 shares of the company’s stock worth $6,430,000 after buying an additional 256,239 shares in the last quarter. MML Investors Services LLC lifted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 58.4% during the 2nd quarter. MML Investors Services LLC now owns 36,307 shares of the company’s stock worth $882,000 after buying an additional 13,379 shares in the last quarter. Corient Private Wealth LLC bought a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF during the 2nd quarter worth approximately $268,000. Osaic Holdings Inc. lifted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 10.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,132 shares of the company’s stock worth $100,000 after buying an additional 394 shares in the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF during the 3rd quarter worth approximately $30,000.

KraneShares Bosera MSCI China A 50 Connect Index ETF Company Profile

The KraneShares Bosera MSCI China A 50 Connect Index ETF (KBA) is an exchange-traded fund that is based on the MSCI China A 50 Connect index. The fund tracks a subset of market cap-weighted large- and mid-cap Chinese equities listed in Shanghai and Shenzhen. KBA was launched on Mar 5, 2014 and is managed by KraneShares.