KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) Shares Up 0.3% – Still a Buy?

KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) shares were up 0.3% during mid-day trading on Thursday . The company traded as high as $22.28 and last traded at $22.28. Approximately 4,433 shares traded hands during trading, an increase of 312% from the average daily 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 stock’s 50 day moving average price is $22.68 and its 200-day moving average price is $22.12. The stock has a market capitalization of $4.41 million, a PE ratio of 8.24 and a beta of 0.56.

Institutional Inflows and Outflows

An institutional investor recently raised its position in KraneShares MSCI One Belt One Road ETF stock. Jane Street Group LLC grew its position in KraneShares MSCI One Belt One Road ETF (NYSEARCA:OBOR) by 121.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,013 shares of the company’s stock after buying 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.