KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) Stock Price Down 0.3% – Here’s What Happened

KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) shares dropped 0.3% on Thursday . The stock traded as low as $22.35 and last traded at $22.37. Approximately 1,256 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 1,109 shares. The stock had previously closed at $22.44.

KraneShares MSCI One Belt One Road ETF Stock Down 0.3 %

The company has a market cap of $4.46 million, a P/E ratio of 8.24 and a beta of 0.56. The firm’s 50-day moving average price is $22.56 and its 200-day moving average price is $22.14.

Hedge Funds Weigh In On KraneShares MSCI One Belt One Road ETF

An institutional investor recently raised its position in KraneShares MSCI One Belt One Road ETF stock. Jane Street Group LLC increased its position in KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) by 121.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,013 shares of the company’s stock after acquiring an additional 12,625 shares during the quarter. Jane Street Group LLC owned about 11.51% of KraneShares MSCI One Belt One Road ETF worth $533,000 at the end of the most recent quarter.

About KraneShares MSCI One Belt One Road 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.