KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) Trading Up 0.3% – Still a Buy?

KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) shares shot up 0.3% during mid-day trading on Thursday . The stock traded as high as $22.28 and last traded at $22.28. 4,433 shares were traded during trading, an increase of 312% from the average session volume of 1,076 shares. The stock had previously closed at $22.20.

KraneShares MSCI One Belt One Road ETF Price Performance

The firm’s 50-day moving average price is $22.68 and its 200-day moving average price is $22.12. The company has a market cap of $4.46 million, a price-to-earnings ratio of 8.24 and a beta of 0.56.

Institutional Investors Weigh In On KraneShares MSCI One Belt One Road ETF

A hedge fund recently raised its stake in KraneShares MSCI One Belt One Road ETF stock. Jane Street Group LLC boosted its stake in KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) by 121.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,013 shares of the company’s stock after acquiring an additional 12,625 shares during the period. Jane Street Group LLC owned 11.51% of KraneShares MSCI One Belt One Road ETF worth $533,000 at the end of the most recent reporting period.

About KraneShares MSCI One Belt One Road 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.