KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Sees Large Growth in Short Interest

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 2,341,737 shares, a growth of 1,083.6% from the May 14th total of 197,845 shares. Based on an average daily trading volume, of 850,629 shares, the short-interest ratio is presently 2.8 days. Approximately 97.6% of the company’s shares are sold short.

Institutional Investors 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 position in KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,846 shares of the company’s stock, valued at approximately $581,000. Susquehanna International Group LLP owned 3.64% of KraneShares 2x Long PDD Daily ETF as of its most recent SEC filing.

KraneShares 2x Long PDD Daily ETF Price Performance

Shares of KPDD traded down $0.10 during mid-day trading on Tuesday, hitting $5.35. 331,550 shares of the company’s stock traded hands, compared to its average volume of 215,689. KraneShares 2x Long PDD Daily ETF has a 1 year low of $5.33 and a 1 year high of $29.15. The business’s 50-day moving average price is $7.75 and its 200-day moving average price is $10.56.

KraneShares 2x Long PDD Daily ETF Company Profile

There is no description available for this ETF.