KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) Short Interest Down 95.9% in December

KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 635 shares, a drop of 95.9% from the November 30th total of 15,387 shares. Based on an average trading volume of 6,648 shares, the short-interest ratio is currently 0.1 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 6,648 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of KraneShares 2x Long BABA Daily ETF

An institutional investor recently raised its position in KraneShares 2x Long BABA Daily ETF stock. Susquehanna International Group LLP increased its holdings in shares of KraneShares 2x Long BABA Daily ETF (NASDAQ:KBAB) by 27.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 81,550 shares of the company’s stock after purchasing an additional 17,325 shares during the quarter. Susquehanna International Group LLP owned 32.62% of KraneShares 2x Long BABA Daily ETF worth $2,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

KraneShares 2x Long BABA Daily ETF Trading Down 1.4%

KBAB traded down $0.21 during midday trading on Thursday, reaching $15.05. The company’s stock had a trading volume of 8,018 shares, compared to its average volume of 12,205. The firm has a market capitalization of $3.76 million, a price-to-earnings ratio of 14.81 and a beta of 9.86. KraneShares 2x Long BABA Daily ETF has a 1 year low of $11.85 and a 1 year high of $41.12. The stock’s 50-day moving average is $27.19 and its 200-day moving average is $23.32.

KraneShares 2x Long BABA Daily ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were issued a $8.4942 dividend. This represents a yield of 5,574.0%. The ex-dividend date was Monday, December 22nd.

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.