KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) Stock Price Down 7.5% – Here’s Why

KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD)’s share price dropped 7.5% on Wednesday . The company traded as low as $8.59 and last traded at $8.68. Approximately 137,468 shares changed hands during mid-day trading, an increase of 39% from the average daily volume of 98,672 shares. The stock had previously closed at $9.38.

KraneShares 2x Long PDD Daily ETF Stock Down 7.5%

The firm’s 50-day simple moving average is $9.62 and its 200-day simple moving average is $17.82.

KraneShares 2x Long PDD Daily ETF Announces Dividend

The business also recently announced an annual dividend, which was paid on Tuesday, December 23rd. Investors of record on Monday, December 22nd were paid a $6.649 dividend. This represents a dividend yield of 5,915.0%. The ex-dividend date was Monday, December 22nd.

Hedge Funds Weigh In On KraneShares 2x Long PDD Daily ETF

An institutional investor recently bought a new position in KraneShares 2x Long PDD Daily ETF stock. Susquehanna International Group LLP bought a new stake in KraneShares 2x Long PDD Daily ETF (NASDAQ:KPDD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,846 shares of the company’s stock, valued at approximately $581,000. Susquehanna International Group LLP owned approximately 3.64% of KraneShares 2x Long PDD Daily ETF at the end of the most recent quarter.

About KraneShares 2x Long PDD Daily ETF

There is no description available for this ETF.