KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) Short Interest Update

KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 195,034 shares, a decrease of 47.2% from the June 30th total of 369,206 shares. Based on an average trading volume of 106,102 shares, the days-to-cover ratio is presently 1.8 days. Approximately 4.5% of the company’s shares are sold short.

KraneShares Hang Seng TECH Index ETF Price Performance

Shares of NYSEARCA:KTEC traded up $0.11 during mid-day trading on Friday, reaching $13.69. 128,865 shares of the company were exchanged, compared to its average volume of 84,991. KraneShares Hang Seng TECH Index ETF has a 1 year low of $11.81 and a 1 year high of $19.69. The firm’s 50-day simple moving average is $13.06 and its 200 day simple moving average is $14.09. The firm has a market cap of $59.55 million, a price-to-earnings ratio of 45.63 and a beta of 0.48.

Institutional Investors Weigh In On KraneShares Hang Seng TECH Index ETF

A number of institutional investors have recently modified their holdings of KTEC. IFP Advisors Inc raised its holdings in shares of KraneShares Hang Seng TECH Index ETF by 153.4% in the 3rd quarter. IFP Advisors Inc now owns 5,575 shares of the company’s stock valued at $106,000 after buying an additional 3,375 shares during the period. Osaic Holdings Inc. purchased a new position in KraneShares Hang Seng TECH Index ETF during the 2nd quarter valued at about $207,000. Jane Street Group LLC acquired a new position in KraneShares Hang Seng TECH Index ETF in the 4th quarter valued at about $228,000. Susquehanna International Group LLP acquired a new position in KraneShares Hang Seng TECH Index ETF in the 3rd quarter valued at about $350,000. Finally, Cetera Investment Advisers acquired a new position in KraneShares Hang Seng TECH Index ETF in the 4th quarter valued at about $290,000. 63.86% of the stock is owned by institutional investors and hedge funds.

About KraneShares Hang Seng TECH Index ETF

The KraneShares Hang Seng TECH Index ETF (KTEC) is an exchange-traded fund that is based on the Hang Seng Tech index, a market-cap-weighted index of the 30 largest Chinese technology companies. KTEC was launched on Jun 9, 2021 and is managed by KraneShares.