Short Interest in KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Grows By 72.9%

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 285,639 shares, an increase of 72.9% from the April 15th total of 165,229 shares. Based on an average trading volume of 45,459 shares, the short-interest ratio is currently 6.3 days. Currently, 5.0% of the shares of the stock are short sold.

KraneShares Bosera MSCI China A 50 Connect Index ETF Stock Performance

Shares of KraneShares Bosera MSCI China A 50 Connect Index ETF stock traded down $0.13 on Monday, reaching $33.45. 29,460 shares of the stock were exchanged, compared to its average volume of 131,856. The firm’s 50 day moving average is $31.64 and its 200-day moving average is $31.01. KraneShares Bosera MSCI China A 50 Connect Index ETF has a one year low of $23.44 and a one year high of $35.31. The firm has a market cap of $190.67 million, a PE ratio of 13.75 and a beta of 0.16.

Institutional Trading of KraneShares Bosera MSCI China A 50 Connect Index ETF

Several institutional investors and hedge funds have recently modified their holdings of KBA. IFP Advisors Inc raised its stake in KraneShares Bosera MSCI China A 50 Connect Index ETF by 446.6% during the third quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock worth $36,000 after acquiring an additional 987 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in KraneShares Bosera MSCI China A 50 Connect Index ETF by 783.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,818 shares of the company’s stock worth $118,000 after acquiring an additional 3,386 shares in the last quarter. Osaic Holdings Inc. raised its stake in KraneShares Bosera MSCI China A 50 Connect Index ETF by 10.5% during the second quarter. Osaic Holdings Inc. now owns 4,132 shares of the company’s stock worth $100,000 after acquiring an additional 394 shares in the last quarter. Fifth Third Bancorp acquired a new position in KraneShares Bosera MSCI China A 50 Connect Index ETF during the first quarter worth about $132,000. Finally, Kestra Advisory Services LLC acquired a new position in KraneShares Bosera MSCI China A 50 Connect Index ETF during the fourth quarter worth about $188,000.

KraneShares Bosera MSCI China A 50 Connect Index ETF Company Profile

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.