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

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 73,786 shares, a decrease of 53.1% from the August 31st total of 157,357 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily trading volume, of 61,450 shares, the short-interest ratio is presently 1.2 days.

KraneShares Bosera MSCI China A 50 Connect Index ETF Price Performance

NYSEARCA:KBA traded down $0.02 during midday trading on Tuesday, reaching $30.90. The stock had a trading volume of 41,892 shares, compared to its average volume of 88,542. The stock has a market capitalization of $128.24 million, a P/E ratio of 13.75 and a beta of 0.18. KraneShares Bosera MSCI China A 50 Connect Index ETF has a 1-year low of $28.43 and a 1-year high of $35.46. The firm’s fifty day simple moving average is $32.95 and its 200-day simple moving average is $32.82.

Institutional Investors Weigh In On KraneShares Bosera MSCI China A 50 Connect Index ETF

Several hedge funds and other institutional investors have recently made changes to their positions in KBA. Fifth Third Bancorp bought a new stake in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF during the first quarter worth $132,000. Royal Bank of Canada raised its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 9.2% in the first quarter. Royal Bank of Canada now owns 85,402 shares of the company’s stock valued at $2,584,000 after buying an additional 7,160 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in KraneShares Bosera MSCI China A 50 Connect Index ETF by 9.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 96,617 shares of the company’s stock worth $3,325,000 after buying an additional 8,577 shares in the last quarter. Corient Private Wealth LP acquired a new position in KraneShares Bosera MSCI China A 50 Connect Index ETF during the 2nd quarter worth about $296,000. Finally, Citadel Advisors LLC bought a new stake in KraneShares Bosera MSCI China A 50 Connect Index ETF during the 2nd quarter worth about $680,000.

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.