KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Get Free Report) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 34,302 shares, an increase of 243.1% from the June 15th total of 9,999 shares. Based on an average daily volume of 18,893 shares, the short-interest ratio is presently 1.8 days. Currently, 8.0% of the shares of the company are sold short.
KraneShares 2x Long BABA Daily ETF Stock Performance
Shares of NASDAQ KBAB opened at $7.32 on Monday. The company has a market capitalization of $3.15 million, a PE ratio of 14.81 and a beta of 3.37. The company’s fifty day moving average price is $8.50 and its 200 day moving average price is $11.87. KraneShares 2x Long BABA Daily ETF has a 1 year low of $4.95 and a 1 year high of $41.12.
Institutional Investors Weigh In On KraneShares 2x Long BABA Daily ETF
An institutional investor recently bought a new position in KraneShares 2x Long BABA Daily ETF stock. Jane Street Group LLC bought a new stake in shares of KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,304 shares of the company’s stock, valued at approximately $147,000. Jane Street Group LLC owned 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.
See Also
- Five stocks we like better than KraneShares 2x Long BABA Daily ETF
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Receive News & Ratings for KraneShares 2x Long BABA 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 BABA Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.
