KraneShares Hang Seng TECH Index ETF (NYSEARCA:KTEC – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 103,041 shares, an increase of 1,571.1% from the September 15th total of 6,166 shares. Currently, 2.6% of the company’s shares are short sold. Based on an average daily volume of 131,539 shares, the short-interest ratio is presently 0.8 days.
KraneShares Hang Seng TECH Index ETF Price Performance
Shares of KraneShares Hang Seng TECH Index ETF stock traded up $0.40 during trading on Friday, hitting $11.81. The company’s stock had a trading volume of 44,444 shares, compared to its average volume of 79,086. The stock has a market cap of $46.65 million, a price-to-earnings ratio of 39.37 and a beta of 0.47. KraneShares Hang Seng TECH Index ETF has a 52 week low of $11.32 and a 52 week high of $18.70. The stock has a 50-day moving average price of $12.57 and a two-hundred day moving average price of $13.15.
Institutional Investors Weigh In On KraneShares Hang Seng TECH Index ETF
A number of institutional investors have recently made changes to their positions in KTEC. Citadel Advisors LLC lifted its stake in shares of KraneShares Hang Seng TECH Index ETF by 286.0% in the second quarter. Citadel Advisors LLC now owns 39,135 shares of the company’s stock worth $482,000 after acquiring an additional 28,997 shares during the period. Lavelle Capital LP acquired a new stake in KraneShares Hang Seng TECH Index ETF during the 1st quarter valued at approximately $1,134,000. Finally, Cetera Investment Advisers raised its holdings in KraneShares Hang Seng TECH Index ETF by 22.2% during the 1st quarter. Cetera Investment Advisers now owns 22,638 shares of the company’s stock worth $311,000 after purchasing an additional 4,115 shares during the last quarter. Institutional investors own 63.86% of the company’s stock.
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.
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