KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Stock Price Down 7.5% – Here’s Why

Shares of KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDDGet Free Report) were down 7.5% during trading on Wednesday . The stock traded as low as $8.59 and last traded at $8.68. Approximately 137,468 shares were traded during mid-day trading, an increase of 39% from the average daily volume of 98,672 shares. The stock had previously closed at $9.38.

KraneShares 2x Long PDD Daily ETF Price Performance

The business has a 50-day simple moving average of $9.62 and a two-hundred day simple moving average of $17.82.

KraneShares 2x Long PDD Daily ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 22nd were issued a $6.649 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a dividend yield of 5,915.0%.

Hedge Funds Weigh In On KraneShares 2x Long PDD Daily ETF

An institutional investor recently bought a new position in KraneShares 2x Long PDD Daily ETF stock. Susquehanna International Group LLP purchased a new stake in KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDDFree Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,846 shares of the company’s stock, valued at approximately $581,000. Susquehanna International Group LLP owned approximately 3.64% of KraneShares 2x Long PDD Daily ETF as of its most recent SEC filing.

KraneShares 2x Long PDD Daily ETF Company Profile

(Get Free Report)

There is no description available for this ETF.

Further Reading

Receive News & Ratings for KraneShares 2x Long PDD Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KraneShares 2x Long PDD Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.