KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) Stock Price Up 1.9% – Here’s Why

KraneShares Bosera MSCI China A 50 Connect Index ETF (NYSEARCA:KBA) shares were up 1.9% on Monday . The stock traded as high as $24.10 and last traded at $24.08. Approximately 39,714 shares were traded during trading, a decline of 37% from the average daily volume of 63,267 shares. The stock had previously closed at $23.62.

KraneShares Bosera MSCI China A 50 Connect Index ETF Stock Down 0.1 %

The firm has a market capitalization of $171.29 million, a price-to-earnings ratio of 14.46 and a beta of 0.32. The business has a 50-day moving average of $23.24 and a two-hundred day moving average of $23.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC raised its stake in KraneShares Bosera MSCI China A 50 Connect Index ETF by 2,012.8% during the third quarter. International Assets Investment Management LLC now owns 114,092 shares of the company’s stock worth $2,958,000 after buying an additional 108,692 shares during the last quarter. Susquehanna International Group LLP raised its position in KraneShares Bosera MSCI China A 50 Connect Index ETF by 99.4% in the fourth quarter. Susquehanna International Group LLP now owns 211,354 shares of the company’s stock worth $4,956,000 after acquiring an additional 105,345 shares during the period. OLD Mission Capital LLC raised its position in KraneShares Bosera MSCI China A 50 Connect Index ETF by 121.6% in the fourth quarter. OLD Mission Capital LLC now owns 181,920 shares of the company’s stock worth $4,266,000 after acquiring an additional 99,838 shares during the period. Bank of America Corp DE raised its position in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF by 61.1% in the fourth quarter. Bank of America Corp DE now owns 87,215 shares of the company’s stock valued at $2,045,000 after purchasing an additional 33,081 shares during the period. Finally, Capasso Planning Partners LLC bought a new stake in shares of KraneShares Bosera MSCI China A 50 Connect Index ETF in the third quarter valued at approximately $772,000.

KraneShares Bosera MSCI China A 50 Connect Index ETF Company Profile

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.