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

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 524,671 shares, a drop of 77.6% from the May 31st total of 2,341,737 shares. Approximately 21.9% of the shares of the company are short sold. Based on an average daily volume of 430,787 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On KraneShares 2x Long PDD Daily ETF

A hedge fund recently bought a new position in KraneShares 2x Long PDD Daily ETF stock. Susquehanna International Group LLP bought a new stake in KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 at the end of the most recent quarter.

KraneShares 2x Long PDD Daily ETF Stock Performance

Shares of NASDAQ KPDD traded up $0.37 during midday trading on Friday, hitting $4.63. The company’s stock had a trading volume of 173,836 shares, compared to its average volume of 223,904. The stock has a fifty day moving average price of $6.81 and a 200 day moving average price of $9.28. KraneShares 2x Long PDD Daily ETF has a one year low of $4.10 and a one year high of $29.15.

About KraneShares 2x Long PDD Daily ETF

There is no description available for this ETF.