KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Trading Up 0.6% – Here’s Why

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA)’s share price shot up 0.6% on Thursday . The stock traded as high as $33.39 and last traded at $33.37. Approximately 24,432 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 104,752 shares. The stock had previously closed at $33.17.

KraneShares Bosera MSCI China A 50 Connect Index ETF Stock Performance

The business has a fifty day simple moving average of $33.75 and a 200 day simple moving average of $32.22. The company has a market cap of $147.34 million, a P/E ratio of 13.75 and a beta of 0.17.

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

Several large investors have recently modified their holdings of the company. Bank of America Corp DE raised its holdings in KraneShares Bosera MSCI China A 50 Connect Index ETF by 73.9% in the 1st quarter. Bank of America Corp DE now owns 94,333 shares of the company’s stock worth $2,855,000 after acquiring an additional 40,102 shares during the period. Royal Bank of Canada boosted its holdings in KraneShares Bosera MSCI China A 50 Connect Index ETF by 9.2% during the first quarter. Royal Bank of Canada now owns 85,402 shares of the company’s stock valued at $2,584,000 after acquiring an additional 7,160 shares during the period. Fifth Third Bancorp acquired a new stake in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF in the first quarter valued at about $132,000. Ascentis Independent Advisors bought a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF in the first quarter worth about $632,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF during the 4th quarter worth about $188,000.

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.