KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) Stock Price Down 0.3% – Should You Sell?

KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR)’s stock price were down 0.3% during mid-day trading on Wednesday . The stock traded as low as $21.40 and last traded at $21.40. Approximately 136 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 1,039 shares. The stock had previously closed at $21.46.

KraneShares MSCI One Belt One Road ETF Price Performance

The business’s 50 day simple moving average is $21.23 and its 200 day simple moving average is $21.90. The stock has a market cap of $3.21 million, a P/E ratio of 10.89 and a beta of 0.69.

Institutional Trading of KraneShares MSCI One Belt One Road ETF

A hedge fund recently raised its stake in KraneShares MSCI One Belt One Road ETF stock. Jane Street Group LLC raised its stake in shares of KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) by 121.5% in the third quarter, according to the company in its most recent disclosure with the SEC. 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 approximately 11.51% of KraneShares MSCI One Belt One Road ETF worth $533,000 as of its most recent filing with the SEC.

KraneShares MSCI One Belt One Road ETF Company Profile

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.