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

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 163,383 shares, an increase of 114.1% from the December 31st total of 76,308 shares. Based on an average daily volume of 96,035 shares, the days-to-cover ratio is presently 1.7 days. Currently, 2.4% of the company’s shares are sold short. Currently, 2.4% of the company’s shares are sold short. Based on an average daily volume of 96,035 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KBA. Jane Street Group LLC grew its holdings in KraneShares Bosera MSCI China A 50 Connect Index ETF by 1,604.7% in the 1st quarter. Jane Street Group LLC now owns 272,207 shares of the company’s stock worth $6,430,000 after buying an additional 256,239 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in KraneShares Bosera MSCI China A 50 Connect Index ETF by 171.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 95,418 shares of the company’s stock worth $2,869,000 after acquiring an additional 60,267 shares during the period. Shell Asset Management Co. grew its stake in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 29.6% in the third quarter. Shell Asset Management Co. now owns 139,850 shares of the company’s stock worth $4,205,000 after purchasing an additional 31,950 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF during the third quarter valued at $784,000. Finally, Ferguson Shapiro LLC bought a new stake in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF during the third quarter valued at about $751,000.

KraneShares Bosera MSCI China A 50 Connect Index ETF Stock Performance

Shares of KBA stock opened at $30.80 on Friday. The firm has a market capitalization of $209.44 million, a price-to-earnings ratio of 13.75 and a beta of 0.10. KraneShares Bosera MSCI China A 50 Connect Index ETF has a one year low of $20.70 and a one year high of $31.94. The company has a 50 day moving average price of $30.83 and a 200 day moving average price of $29.34.

KraneShares Bosera MSCI China A 50 Connect Index ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were given a $0.4832 dividend. The ex-dividend date was Monday, December 22nd. This represents a yield of 158.0%.

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.