KBAB

KraneShares 2x Long BABA Daily ETF

$25.27

+0.00%

Market closed. Last update: 11:54 AM ET

📎 Investment Objective

The KraneShares 2x Long BABA Daily ETF (KBAB) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the American Depositary Shares (ADSs) of Alibaba Group Holding Limited.

Overview

ETF tracking KraneShares 2x Long BABA Daily ETF

Category Leveraged

Issuer Other

Inception Date 2025-03-12

Market Cap $2.5M

Average Volume N/A

Dividend Yield N/A

52-Week Range $12.21 - $39.81

VWAP $26.20

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses swap agreements and other financial instruments to gain leveraged exposure to the Alibaba ADSs. It aims to deliver twice the daily returns of the Alibaba stock, before fees and expenses.

✨ Key Features

Provides 2x leveraged exposure to Alibaba Group Holding Limited ADSs
Designed for short-term, tactical trading rather than long-term buy-and-hold
Utilizes derivatives to achieve its leveraged investment objective
Has a very small asset base of $0 as of the latest reporting period

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for outsized losses if the underlying Alibaba stock declines
Exposure to counterparty risk from the use of swap agreements and other derivatives
Lack of a proven long-term track record, with no returns available for evaluation

👤 Best For

This ETF is best suited for experienced, risk-tolerant traders who understand the risks of leveraged investing and are looking for short-term, speculative exposure to Alibaba's stock performance. It is not recommended for long-term, buy-and-hold investors.