KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) Stock Price Up 0.5% – Time to Buy?

KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) shares rose 0.5% during mid-day trading on Tuesday . The stock traded as high as $21.49 and last traded at $21.47. Approximately 1,742 shares traded hands during mid-day trading, an increase of 105% from the average daily volume of 850 shares. The stock had previously closed at $21.36.

KraneShares MSCI One Belt One Road ETF Stock Performance

The firm has a market capitalization of $4.29 million, a price-to-earnings ratio of 8.24 and a beta of 0.56. The company has a 50-day moving average of $21.28 and a 200-day moving average of $21.94.

Hedge Funds Weigh In On 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 grew its position 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 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 11.51% of KraneShares MSCI One Belt One Road ETF worth $533,000 at the end of the most recent reporting period.

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.