Short Interest in KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Rises By 71.0%

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 171,826 shares, an increase of 71.0% from the May 14th total of 100,480 shares. Based on an average daily trading volume, of 123,953 shares, the short-interest ratio is currently 1.4 days. Approximately 3.0% of the company’s shares are short sold.

KraneShares Bosera MSCI China A 50 Connect Index ETF Stock Up 0.2%

Shares of KraneShares Bosera MSCI China A 50 Connect Index ETF stock traded up $0.06 during mid-day trading on Wednesday, hitting $34.30. The stock had a trading volume of 17,127 shares, compared to its average volume of 123,582. The firm has a 50-day moving average of $33.26 and a two-hundred day moving average of $31.56. KraneShares Bosera MSCI China A 50 Connect Index ETF has a 12-month low of $23.71 and a 12-month high of $35.31. The firm has a market cap of $195.51 million, a P/E ratio of 13.75 and a beta of 0.16.

Hedge Funds Weigh In On KraneShares Bosera MSCI China A 50 Connect Index ETF

A number of hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 10.5% during the 2nd quarter. Osaic Holdings Inc. now owns 4,132 shares of the company’s stock worth $100,000 after purchasing an additional 394 shares during the period. IFP Advisors Inc boosted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 446.6% during the 3rd quarter. IFP Advisors Inc now owns 1,208 shares of the company’s stock worth $36,000 after purchasing an additional 987 shares during the period. Raymond James Financial Inc. boosted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 22.6% during the 3rd quarter. Raymond James Financial Inc. now owns 11,412 shares of the company’s stock worth $343,000 after purchasing an additional 2,105 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 783.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,818 shares of the company’s stock worth $118,000 after purchasing an additional 3,386 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF during the 1st quarter worth approximately $132,000.

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.