KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) Stock Price Up 0.3% – Time to Buy?

KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) shot up 0.3% during mid-day trading on Thursday . The company traded as high as $22.28 and last traded at $22.28. 4,433 shares changed hands during trading, an increase of 312% from the average session volume of 1,076 shares. The stock had previously closed at $22.20.

KraneShares MSCI One Belt One Road ETF Stock Down 0.9 %

The business has a 50 day moving average price of $22.68 and a 200 day moving average price of $22.12. The stock has a market cap of $4.41 million, a PE ratio of 8.24 and a beta of 0.56.

Institutional Investors 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 stake in shares of KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) by 121.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 23,013 shares of the company’s stock after purchasing an additional 12,625 shares during the period. Jane Street Group LLC owned approximately 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.