KraneShares China Alpha Index ETF (NYSEARCA:KCAI) Short Interest Down 44.8% in August

KraneShares China Alpha Index ETF (NYSEARCA:KCAI) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 600 shares, a decrease of 44.8% from the August 15th total of 1,087 shares. Based on an average trading volume of 571 shares, the short-interest ratio is currently 1.1 days. Approximately 0.6% of the company’s shares are short sold.

KraneShares China Alpha Index ETF Trading Down 0.8%

KraneShares China Alpha Index ETF stock traded down $0.28 during mid-day trading on Tuesday, hitting $32.99. The company’s stock had a trading volume of 1,775 shares, compared to its average volume of 2,784. The stock’s fifty day moving average is $32.61 and its two-hundred day moving average is $32.34. The firm has a market capitalization of $32.96 million, a PE ratio of 10.14 and a beta of 0.26. KraneShares China Alpha Index ETF has a 1 year low of $30.00 and a 1 year high of $40.84.

KraneShares China Alpha Index ETF Company Profile

The KraneShares China Alpha Index ETF (KCAI) is an exchange-traded fund that is based on the Qi China Alpha index. The fund tracks an index that seeks to outperform the CSI 300 Index by employing a systematic machine learning approach in selection and weighting of China A-shares. KCAI was launched on Aug 28, 2024 and is issued by KraneShares.