KraneShares MSCI One Belt One Road Index ETF (NYSEARCA:OBOR) Shares Down 1.8% – What’s Next?

KraneShares MSCI One Belt One Road Index ETF (NYSEARCA:OBOR) dropped 1.8% during trading on Tuesday . The stock traded as low as $25.18 and last traded at $25.18. Approximately 873 shares traded hands during trading, a decline of 34% from the average daily volume of 1,315 shares. The stock had previously closed at $25.64.

KraneShares MSCI One Belt One Road Index ETF Trading Down 1.8%

The company has a market capitalization of $2.52 million, a P/E ratio of 11.41 and a beta of 0.52. The company has a 50 day moving average price of $25.22 and a 200 day moving average price of $24.05.

Institutional Trading of KraneShares MSCI One Belt One Road Index ETF

A hedge fund recently raised its stake in KraneShares MSCI One Belt One Road Index ETF stock. OLD Mission Capital LLC boosted its position in KraneShares MSCI One Belt One Road Index ETF (NYSEARCA:OBOR) by 23.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,722 shares of the company’s stock after purchasing an additional 8,807 shares during the quarter. OLD Mission Capital LLC owned about 30.48% of KraneShares MSCI One Belt One Road Index ETF worth $987,000 at the end of the most recent reporting period.

About KraneShares MSCI One Belt One Road Index ETF

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.