Short Interest in KraneShares China Alpha Index ETF (NYSEARCA:KCAI) Declines By 64.3%

KraneShares China Alpha Index ETF (NYSEARCA:KCAI) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 885 shares, a decline of 64.3% from the May 31st total of 2,477 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 1,118 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On KraneShares China Alpha Index ETF

An institutional investor recently raised its stake in KraneShares China Alpha Index ETF stock. Jane Street Group LLC boosted its position in KraneShares China Alpha Index ETF (NYSEARCA:KCAI) by 35.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,367 shares of the company’s stock after buying an additional 6,949 shares during the period. Jane Street Group LLC owned approximately 7.53% of KraneShares China Alpha Index ETF worth $715,000 at the end of the most recent quarter.

KraneShares China Alpha Index ETF Trading Down 0.4%

NYSEARCA KCAI traded down $0.12 on Tuesday, hitting $31.67. 104 shares of the company were exchanged, compared to its average volume of 3,719. The company has a market cap of $9.50 million, a PE ratio of 10.14 and a beta of 0.23. KraneShares China Alpha Index ETF has a 12 month low of $30.00 and a 12 month high of $40.84. The stock has a fifty day moving average of $32.47 and a 200-day moving average of $32.14.

About KraneShares China Alpha Index ETF

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.