KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) Short Interest Up 102.3% in July

KraneShares SSE Star Market 50 Index ETF (NYSEARCA:KSTR) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 2,182,343 shares, an increase of 102.3% from the July 15th total of 1,078,707 shares. Based on an average trading volume of 1,080,882 shares, the days-to-cover ratio is presently 2.0 days. Currently, 14.1% of the company’s stock are short sold.

KraneShares SSE Star Market 50 Index ETF Stock Performance

KSTR stock opened at $24.76 on Monday. The business has a 50-day simple moving average of $26.48 and a two-hundred day simple moving average of $23.15. KraneShares SSE Star Market 50 Index ETF has a 52-week low of $15.02 and a 52-week high of $32.54.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new stake in KraneShares SSE Star Market 50 Index ETF in the 3rd quarter valued at $3,245,000. Susquehanna International Group LLP lifted its stake in KraneShares SSE Star Market 50 Index ETF by 436.0% during the 3rd quarter. Susquehanna International Group LLP now owns 139,948 shares of the company’s stock valued at $2,814,000 after acquiring an additional 113,838 shares in the last quarter. Finally, OLD Mission Capital LLC boosted its holdings in KraneShares SSE Star Market 50 Index ETF by 47.9% during the 4th quarter. OLD Mission Capital LLC now owns 66,418 shares of the company’s stock worth $1,236,000 after acquiring an additional 21,502 shares during the last quarter.

KraneShares SSE Star Market 50 Index ETF Company Profile

The KraneShares SSE STAR Market 50 Index ETF (KSTR) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of the top 50 companies by market-cap that are listed on the Shanghai Stock Exchange (SSE) Science and Technology Innovation Board. KSTR was launched on Jan 27, 2021 and is managed by KraneShares.