KraneShares 2x Long PDD Daily ETF (KPDD)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
5.58 USD
+0.13
(2.294%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 5.58 |
Hot Take ↕ | Aug. 22, 2026, 2:05 a.m. EDT
This instrument is a leveraged bet on a single stock that has suffered a catastrophic collapse, making it a high-risk speculative vehicle rather than a standard investment. The underlying asset, PDD Holdings, has erased nearly 80% of its value over the trailing twelve months, dragging this 2x ETF down from a high of $29.15 to the current range of $6.00. While the recent price action shows a slight technical bounce off the lows, the momentum remains deeply bearish, with the price still trading significantly below its 200-day average. The massive dividend yield of 109% is an artifact of the share price collapse, not a sustainable income stream, and represents a return of capital that will likely continue until the underlying business stabilizes. Options data confirms a defensive posture, with traders buying protection at lower strikes while waiting for a potential reversal. Given the leverage, any further weakness in the underlying stock will result in double-digit percentage losses here, while a recovery requires a monumental rally in the parent company. This is a 'wait and see' play for aggressive traders, not a buy-and-hold opportunity. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.271225 |
| AutoETS | 0.292366 |
| AutoTheta | 0.474721 |
| AutoARIMA | 0.646530 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 37% |
| H-stat | 1.89 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.074 |
| Excess Kurtosis | 1.03 |
| Attribute | Value |
|---|---|
| Trailing P/E | 10.07 |
As of Aug. 22, 2026, 2:05 a.m. EDT: Speculators are positioning defensively with heavy put volume and open interest at lower strikes ($5.00, $6.00) across multiple expirations, particularly in the October and January dates where new flow suggests a hedge against further downside. Conversely, call activity is concentrated at the money and slightly out-of-the-money ($7.00-$8.00), indicating a limited bullish bias focused on mean reversion rather than a breakout. Implied volatility is elevated relative to historical norms, reflecting uncertainty about the underlying asset's performance.
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-22 | 6.649 | 59.170595 |
| Attribute | Value |
|---|---|
| All Time High | 30.62 |
| All Time Low | 4.1 |
| Ask | 6.49 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 141,520 |
| Average Daily Volume3 Month | 211,847 |
| Average Volume | 211,847 |
| Average Volume10Days | 141,520 |
| Beta3 Year | 0.0 |
| Bid | 4.64 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 5.66 |
| Day Low | 5.47 |
| Dividend Yield | 109.72 |
| Eps Trailing Twelve Months | 0.553518 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 5.6143 |
| Fifty Day Average Change | -0.039299965 |
| Fifty Day Average Change Percent | -0.006999976 |
| Fifty Two Week Change Percent | -75.51495 |
| Fifty Two Week High | 29.15 |
| Fifty Two Week High Change | -23.575 |
| Fifty Two Week High Change Percent | -0.8087479 |
| Fifty Two Week Low | 4.1 |
| Fifty Two Week Low Change | 1.4749999 |
| Fifty Two Week Low Change Percent | 0.35975608 |
| Fifty Two Week Range | 4.1 - 29.15 |
| First Trade Date Milliseconds | 1,741,786,200,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | 0.13000011 |
| Fullday Change Percent | 2.3853233 |
| Fullday Price | 5.575 |
| Fund Family | KraneShares |
| Fund Inception Date | 1,741,305,600 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-03-12 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in the underlying stock and financial instruments, such as swap agreements and options, that, in combination, provide investment exposure to 2 times (200%) the performance of the underlying stock. The fund is non-diversified. |
| Long Name | KraneShares 2x Long PDD Daily ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1903081640 |
| Nav Price | 5.45 |
| Net Assets | 21,813,068.0 |
| Net Expense Ratio | 1.26 |
| Open | 5.5 |
| Phone | 1-855-857-2638 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 5.575 |
| Post Market Time | 1,787,947,805 |
| Previous Close | 5.45 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.125 |
| Regular Market Change Percent | 2.293578 |
| Regular Market Day High | 5.66 |
| Regular Market Day Low | 5.47 |
| Regular Market Day Range | 5.47 - 5.66 |
| Regular Market Open | 5.5 |
| Regular Market Previous Close | 5.45 |
| Regular Market Price | 5.575 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 119,840 |
| Short Name | KraneShares 2x Long PDD Daily E |
| Source Interval | 15 |
| Symbol | KPDD |
| Total Assets | 21,813,068 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 10.071939 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -27.07581 |
| Trailing Three Month Returns | -27.07581 |
| Triggerable | 1 |
| Two Hundred Day Average | 9.627625 |
| Two Hundred Day Average Change | -4.0526257 |
| Two Hundred Day Average Change Percent | -0.42093718 |
| Type Disp | ETF |
| Volume | 119,840 |
| Yield | 1.0972 |
| Ytd Return | -47.16652 |