Short Interest in KraneShares MSCI One Belt One Road Index ETF (NYSEARCA:OBOR) Drops By 57.6%

KraneShares MSCI One Belt One Road Index ETF (NYSEARCA:OBOR) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 225 shares, a decrease of 57.6% from the August 15th total of 531 shares. Based on an average trading volume of 1,172 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

KraneShares MSCI One Belt One Road Index ETF Stock Down 0.8%

Shares of OBOR traded down $0.22 during midday trading on Tuesday, hitting $27.95. The company had a trading volume of 1,568 shares, compared to its average volume of 2,936. The stock has a market cap of $4.19 million, a price-to-earnings ratio of 11.41 and a beta of 0.44. The company’s 50 day moving average price is $27.21 and its 200 day moving average price is $27.47. KraneShares MSCI One Belt One Road Index ETF has a 52 week low of $24.75 and a 52 week high of $30.07.

About KraneShares MSCI One Belt One Road Index ETF

The KraneShares MSCI One Belt One Road Index ETF (OBOR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-selected, tier-weighted index of companies likely to benefit from China’s One Belt, One Road initiative. OBOR was launched on Sep 7, 2017 and is managed by KraneShares.