KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) Shares Down 0.3% – Time to Sell?

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

KraneShares MSCI One Belt One Road ETF Trading Down 0.3 %

The stock’s 50-day simple moving average is $22.59 and its 200-day simple moving average is $22.14. The firm has a market capitalization of $4.47 million, a P/E ratio of 8.24 and a beta of 0.56.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in KraneShares MSCI One Belt One Road ETF stock. Jane Street Group LLC raised its stake in KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) by 121.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,013 shares of the company’s stock after acquiring an additional 12,625 shares during the quarter. Jane Street Group LLC owned approximately 11.51% of KraneShares MSCI One Belt One Road ETF worth $533,000 as of its most recent filing with the Securities & Exchange Commission.

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.