Short Interest in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Expands By 1,296.5%

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 9,999 shares, a growth of 1,296.5% from the May 31st total of 716 shares. Based on an average daily volume of 23,163 shares, the short-interest ratio is currently 0.4 days. Currently, 2.5% of the shares of the stock are short sold.

KraneShares 2x Long BABA Daily ETF Trading Up 0.2%

KraneShares 2x Long BABA Daily ETF stock traded up $0.01 during trading hours on Friday, reaching $5.33. 17,137 shares of the stock were exchanged, compared to its average volume of 21,325. KraneShares 2x Long BABA Daily ETF has a twelve month low of $4.95 and a twelve month high of $41.12. The company has a market cap of $2.13 million, a P/E ratio of 14.81 and a beta of 2.92. The stock has a 50 day moving average of $9.53 and a two-hundred day moving average of $13.19.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in KraneShares 2x Long BABA Daily ETF stock. Jane Street Group LLC bought a new stake in KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,304 shares of the company’s stock, valued at approximately $147,000. Jane Street Group LLC owned about 4.12% of KraneShares 2x Long BABA Daily ETF as of its most recent SEC filing.

About KraneShares 2x Long BABA Daily ETF

KraneShares Trust – KraneShares 2x Long BABA Daily ETF is an exchange traded fund launched and managed by Krane Funds Advisors, LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across diversified sectors. The fund uses derivatives such as options and swaps to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. KraneShares Trust – KraneShares 2x Long BABA Daily ETF is domiciled in the United States.