KraneShares MSCI One Belt One Road Index ETF (NYSEARCA:OBOR) Trading Up 0.5% – Here’s Why

KraneShares MSCI One Belt One Road Index ETF (NYSEARCA:OBOR)’s stock price were up 0.5% during mid-day trading on Wednesday . The stock traded as high as $26.65 and last traded at $26.53. Approximately 9,085 shares traded hands during mid-day trading, an increase of 482% from the average daily volume of 1,561 shares. The stock had previously closed at $26.40.

KraneShares MSCI One Belt One Road Index ETF Stock Up 0.5%

The company has a market cap of $3.98 million, a P/E ratio of 11.41 and a beta of 0.52. The company has a 50 day moving average price of $25.77 and a 200-day moving average price of $24.82.

Hedge Funds Weigh In On KraneShares MSCI One Belt One Road Index ETF

An institutional investor recently raised its position in KraneShares MSCI One Belt One Road Index ETF stock. OLD Mission Capital LLC grew its stake in shares of KraneShares MSCI One Belt One Road Index ETF (NYSEARCA:OBOR) by 23.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,722 shares of the company’s stock after buying an additional 8,807 shares during the quarter. OLD Mission Capital LLC owned about 30.48% of KraneShares MSCI One Belt One Road Index ETF worth $987,000 as of its most recent filing with the Securities and Exchange Commission.

About KraneShares MSCI One Belt One Road Index ETF

The KraneShares MSCI One Belt One Road Index ETF (OBOR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-selected, tier-weighted index of companies likely to benefit from China’s One Belt, One Road initiative. OBOR was launched on Sep 7, 2017 and is managed by KraneShares.