KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) Trading 0.6% Higher – Here’s What Happened

KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR)’s share price shot up 0.6% during trading on Monday . The stock traded as high as $22.58 and last traded at $22.58. 1,597 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 1,160 shares. The stock had previously closed at $22.44.

KraneShares MSCI One Belt One Road ETF Trading Up 0.6%

The stock’s 50 day moving average is $21.63 and its 200 day moving average is $21.61. The stock has a market capitalization of $3.39 million, a price-to-earnings ratio of 10.42 and a beta of 0.54.

Institutional Trading of KraneShares MSCI One Belt One Road ETF

A hedge fund recently raised its stake in KraneShares MSCI One Belt One Road ETF stock. OLD Mission Capital LLC increased its stake in shares of KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) by 23.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,722 shares of the company’s stock after purchasing an additional 8,807 shares during the quarter. OLD Mission Capital LLC owned approximately 30.48% of KraneShares MSCI One Belt One Road ETF worth $987,000 as of its most recent filing with the Securities and Exchange Commission.

KraneShares MSCI One Belt One Road ETF Company Profile

The KraneShares MSCI One Belt One Road Index ETF (OBOR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market-cap-selected, tier-weighted index of companies likely to benefit from China’s One Belt, One Road initiative. OBOR was launched on Sep 7, 2017 and is managed by KraneShares.