KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Sees Significant Decrease in Short Interest

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) was the target of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 88,438 shares, a drop of 45.9% from the January 15th total of 163,383 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 478,305 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 478,305 shares, the short-interest ratio is currently 0.2 days. Approximately 1.3% of the shares of the company are sold short.

KraneShares Bosera MSCI China A 50 Connect Index ETF Stock Performance

Shares of NYSEARCA KBA traded down $0.11 during midday trading on Friday, hitting $30.43. 103,279 shares of the company’s stock traded hands, compared to its average volume of 231,983. The firm has a fifty day moving average of $30.93 and a 200 day moving average of $29.68. KraneShares Bosera MSCI China A 50 Connect Index ETF has a 1 year low of $20.70 and a 1 year high of $31.94. The stock has a market capitalization of $209.97 million, a price-to-earnings ratio of 13.75 and a beta of 0.10.

KraneShares Bosera MSCI China A 50 Connect Index ETF Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Monday, December 22nd were issued a dividend of $0.4832 per share. This represents a yield of 158.0%. The ex-dividend date of this dividend was Monday, December 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of KBA. Jane Street Group LLC grew its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 1,604.7% during the 1st quarter. Jane Street Group LLC now owns 272,207 shares of the company’s stock valued at $6,430,000 after acquiring an additional 256,239 shares during the period. Shell Asset Management Co. lifted its position in KraneShares Bosera MSCI China A 50 Connect Index ETF by 29.6% during the third quarter. Shell Asset Management Co. now owns 139,850 shares of the company’s stock valued at $4,205,000 after purchasing an additional 31,950 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in KraneShares Bosera MSCI China A 50 Connect Index ETF by 171.5% during the third quarter. Envestnet Asset Management Inc. now owns 95,418 shares of the company’s stock valued at $2,869,000 after purchasing an additional 60,267 shares in the last quarter. Susquehanna International Group LLP grew its holdings in KraneShares Bosera MSCI China A 50 Connect Index ETF by 16.7% during the third quarter. Susquehanna International Group LLP now owns 76,466 shares of the company’s stock valued at $2,299,000 after purchasing an additional 10,923 shares during the period. Finally, Bank of America Corp DE increased its position in KraneShares Bosera MSCI China A 50 Connect Index ETF by 11.9% in the third quarter. Bank of America Corp DE now owns 69,259 shares of the company’s stock worth $2,083,000 after buying an additional 7,378 shares in the last quarter.

About KraneShares Bosera MSCI China A 50 Connect Index ETF

The KraneShares Bosera MSCI China A 50 Connect Index ETF (KBA) is an exchange-traded fund that is based on the MSCI China A 50 Connect index. The fund tracks a subset of market cap-weighted large- and mid-cap Chinese equities listed in Shanghai and Shenzhen. KBA was launched on Mar 5, 2014 and is managed by KraneShares.