KraneShares 2X Long BABA Daily ETF (KBAB)
KraneShares 2X Long BABA Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $8.90, down 4.83% on the session, giving a market capitalisation of $3.3M. Its beta of 2.66 implies it has historically moved more than the broad market.
The KraneShares 2x Long BABA Daily ETF (KBAB) is an exchange-traded fund designed to deliver daily investment performance that mirrors two hundred percent (200%) of the daily price movement of Alibaba Group Holding Limited's (NYSE: BABA) American Depositary Receipt (ADR), prior to the deduction of fees and expenses. To achieve this magnified exposure, the fund strategically employs various derivative instruments, including swap agreements and options.
KraneShares 2X Long BABA Daily ETF is most often compared with the following Financial Services names: