KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Shares Down 2% – Here’s What Happened

Shares of KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) dropped 2% during mid-day trading on Wednesday . The stock traded as low as $27.75 and last traded at $27.78. Approximately 456,235 shares traded hands during mid-day trading, an increase of 449% from the average daily volume of 83,154 shares. The stock had previously closed at $28.35.

KraneShares Bosera MSCI China A 50 Connect Index ETF Stock Performance

The business has a 50 day moving average price of $25.45 and a 200-day moving average price of $24.19. The company has a market capitalization of $200.02 million, a price-to-earnings ratio of 13.75 and a beta of 0.40.

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

Several institutional investors have recently made changes to their positions in KBA. Geneos Wealth Management Inc. raised its holdings in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 27.4% during the first quarter. Geneos Wealth Management Inc. now owns 4,892 shares of the company’s stock valued at $116,000 after purchasing an additional 1,052 shares during the period. Wells Fargo & Company MN increased its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 353.1% during the fourth quarter. Wells Fargo & Company MN now owns 5,809 shares of the company’s stock valued at $136,000 after acquiring an additional 4,527 shares during the last quarter. Comerica Bank increased its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 92.6% during the 1st quarter. Comerica Bank now owns 8,217 shares of the company’s stock valued at $194,000 after purchasing an additional 3,950 shares during the last quarter. Basso Capital Management L.P. increased its stake in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 16.3% during the 1st quarter. Basso Capital Management L.P. now owns 9,300 shares of the company’s stock worth $220,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its position in KraneShares Bosera MSCI China A 50 Connect Index ETF by 2,328.0% in the second quarter. Laurel Wealth Advisors LLC now owns 9,712 shares of the company’s stock worth $236,000 after buying an additional 9,312 shares during the last quarter.

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.